Tech billionaire Elon Musk purchased the microblogging web site Twitter for a whopping $44 billion final night time, however his favorite cryptocurrency Dogecoin was not the token most benefited from this information.
A cryptocurrency token ELON BUYS TWITTER, which is being traded on decentralised exchanges, rallied over 10,500 per cent within the final 24 hours after the information of the billionaire’s takeover of the micro-blogging web site hit the stands.
As per information from CoinMarketCap, the cryptocurrency token ELON BUYS TWITTER reached $ 0.000009443 and was up 10,524 per cent up, at its peak within the final 24 hours.
As per information from CoinMarketCap, the token was created on April 21 and is being traded on decentralised exchanges like PancakeSwap and OpenOcean.
ELON BUYS TWITTER was buying and selling up 4589.35 per cent at $ 0.000004094 as of 9:35 am IST on Tuesday as per information from CoinMarketCap.
The creators of the token declare that the ELON BUYS TWITTER goals at giving “meme creators an opportunity to earn and permit them to achieve a stipulated income on for his or her work.”
The token positions itself as technique of offering monetary independence to meme creators. “ELON BUYS TWITTER will assist such aspiring meme creators showcase their expertise to the world and add some financial advantages to their pockets.”
However it’s attention-grabbing to notice that the creators don’t make clear how they’d go about doing that.
Furthermore, specialists imagine that the token is nothing however an elaborate pump and dump scheme and buyers ought to beware whereas investing in such meme cash on decentralised exchanges.
Additionally Learn: Dogecoin up 22% after Dogefather Elon Musk buys Twitter
Additionally Learn: And it’s done. Elon Musk now owns Twitter.