Billionaire Elon Musk revealed information about Neuralink's first implant, called Telepathy. In light of this event, the rate of the token of the same name, which has no relation to the company, soared by 3400%.
According to the billionaire, the chip has already been successfully implanted in a person. The patient is currently recovering and the results of the first trials are very promising, Musk emphasized.
The first human received an implant from @Neuralink yesterday and is recovering well.
— Elon Musk (@elonmusk) January 29, 2024
Initial results show promising neuron spike detection.
"The implant gives people the ability to control their smartphones, computers and other devices solely by the power of thought. The first recipients of this revolutionary technology will be people who have lost the ability to use their limbs,"Musk added.
Neuralink was founded in 2016. Prior to that, the company conducted extensive animal testing using the chips. The company was expected to start human experiments as early as 2020.
Following Musk's announcement, Neuralink's (NEURALINK) exchange rate rose significantly, soaring from $0.048 to $2.46, according to DEXTools data. While the asset has experienced a slight pullback, it continues to trade well above average.
It's worth noting that #Elon Musk has previously stated that none of his companies will ever issue their own cryptocurrency.
Tokens of this nature are very susceptible to extreme volatility. For example, the price of #memcoin TRUMP soared from $0.08 to $1.82 after Donald Trump's victory.
