HarryPotterObamaInu (INU), a meme cryptocurrency, surged on Friday, beating Dogecoin and Shiba Inu in terms of price and volume. The rally was triggered by a controversial interview of Larry Sinclair, who alleged to have had a sexual relationship with former U.S. President Barack Obama.
HarryPotterObamaInu (INU) experienced a significant surge on Friday, trading at $0.0008085, marking a 7.18% increase in the last 24 hours. In comparison, Shiba Inu and Dogecoin saw gains of 0.40% and 0.45%, respectively.
CoinMarketCap data reveals that HarryPotterObamaInu’s trading volume also saw an uplift, reaching $1.30 million in 24 hours.
The price and volume spike came after former Fox News host Tucker Carlson aired a controversial interview with Larry Sinclair, who claimed to have had a sexual encounter with Obama in 1999.
Sinclair also alleged that Obama smoked crack cocaine during their encounter.
However, Sinclair’s credibility has been called into question due to his extensive criminal record, which spans several decades and includes forgery charges that resulted in a 16-year jail sentence.
Sinclair has also failed to provide any evidence to support his allegations against Obama.
Elon Musk Weighs In On The Controversy
On Thursday, X, formerly Twitter owner Elon Musk, said that the probability of Sinclair’s claims “would have to rest on objective evidence, rather than claims made by someone with a dubious history.”
Musk did not comment on HarryPotterObamaInu’s performance, despite his known support for Dogecoin and other meme cryptocurrencies.
Musk’s tweet sparked a heated debate among his followers, with some expressing skepticism about Sinclair’s allegations and others defending his right to speak out.
Some also joked about the possibility of Musk creating his own meme cryptocurrency based on the controversy.
HarryPotterObamaInu Price Analysis
HarryPotterObamaInu (INU) is a relatively new meme cryptocurrency that was launched in November 2021. It is based on the Ethereum blockchain and has a total supply of 100 quadrillion tokens.
The cryptocurrency is named after a viral photo of Obama wearing a Harry Potter costume that was posted on Reddit in 2017.
The cryptocurrency has gained popularity among meme coin enthusiasts looking for the next big thing after Dogecoin and Shiba Inu.
However, it also faces several challenges, such as low liquidity, high volatility, and regulatory uncertainty.
In the past 24 hours, the price of HarryPotterObamaInu (INU) has ranged from a high of $0.0008149 to a low of $0.0007518, showing significant fluctuations.
At the time of writing, the price of INU was $0.0008085, up 7.18% from its intraday low. A break of the $0.0008149 resistance level may cause INU to rise above $0.0008200, a key psychological level for traders to watch.
However, if INU fails to break over the $0.0008149 resistance level, it may fall below the $0.0007518 support level. This could trigger a further decline towards the $0.0007400 level.
