Cryptocurrencies Linked to Tesla Surge Following Robotaxi Announcement, Led by TeslaTAXI's 101% Jump

Cryptocurrencies linked to Tesla Inc. (TSLA) saw a big jump on Thursday. This happened right after the company announced its new two-seater robotaxi.

A coin called TeslaTAXI, based on Solana (SOL/USD), skyrocketed over 101% in just 24 hours, according to CoinMarketCap. Its trading volume on the decentralized exchange (DEX) Raydium topped $53,000, boosting its market cap to over $227,000.

Another cryptocurrency, named TESLA, has a small market cap of $1,800 but still managed to climb more than 10% in the same period. Plus, a coin called CYBERCAB on the Ethereum (ETH/USD) exchange Uniswap (UNI/USD) also surged by 61%.

It’s important to note that these coins aren’t officially connected to Tesla or endorsed by Elon Musk. Their liquidity is quite low since they aren’t listed on major exchanges and are mainly traded on DEXes.

This surge in cryptocurrency values coincided with Tesla unveiling the Cybercab robotaxi. This vehicle features butterfly wings that open upwards. It was revealed at the "We, Robot" event hosted by Tesla at Warner Bros. Discovery Inc.’s studio near Los Angeles.

In related news, Tesla’s shares rose by 0.38% in after-hours trading, according to data from Benzinga Pro. They closed 0.95% lower at $238.77 during the regular trading session.