Elon Musk's Twitter rebrand sparks massive rallies in obscure crypto tokens with 'X' names
Opportunistic crypto traders are trying to ride the wave of attention being paid to Elon Musk's rebrand of Twitter. over weekend that his social media platform would be renamed"X," cryptocurrencies with X-related names spiked, and brand new tokens popped up on decentralized exchanges.
Among the new tokens are those that look more legitimate, as well as those that seem like the pump-and-dump ploys often seen in the sector. Traders, however, didn't seem to discern between the two, and were seen piling into anything branded with an"X" to capitalize on any potential profits., saw as much as a 1,200% spike in a 24-hour stretch after Twitter's rebrand — even though its associated project shut down in May.
"X is the future state of unlimited interactivity – centered in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities," Yaccarino tweeted."Powered by AI, X will connect us all in ways we're just beginning to imagine."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk Rebrands Twitter to X, DOGE Spikes As Logo Appears on Musk’s Profile | CoinMarketCapElonMusk announced on Sunday that he would be changing the social media platform's logo from the iconic blue bird to “X”. 👀
Read more »
Elon Musk points new domain to Twitter, prepares to drop interim 'X' logoTwitter owner Elon Musk, who acquired the social media platform in October 2022, pointed x.com to twitter.com on Sunday, and plans to replace the bird logo with an interim X logo.
Read more »
Elon Musk Rebrands Twitter to X, Spurring Scores of Wannabe TokensSeveral tokens branded X popped up on decentralized exchanges (DEX) overnight as Elon Musk-owned Twitter put rebranding plans in motion – which apparently sees the company dump its iconic blue bird logo for an X symbol. By shauryamalwa
Read more »
Elon Musk begins process of rebranding Twitter as X | CNN BusinessIn a radical rebranding, Twitter owner Elon Musk has begun the process of replacing Twitter’s iconic bird logo with X.
Read more »
Twitter bids adieu to Bluebird as Elon Musk rebrands platform to XThe popular social media app Twitter will now be known as X, with a total makeover to its core functionality from being a social media platform to an everything app.
Read more »