A token called “Elon buys Twitter” soared by 6000% in a day, Dogecoin also grew on the deal
Elon Musk’s deal with Twitter is not yet closed, but the world has already received a cryptocurrency on occasion, writes Financial Express. It’s called “Elon Buys Twitter” and shortly after launch it jumped over 6000% from $0.00000003589 to $0.000001527 by the time the FE article was published.
Now, according to CoinMarketCap, EBT is trading at $0.000003414 and is ranked 2971 in the platform’s cryptocurrency catalog with a market capitalization of $372.3 thousand.
The newly minted crypt has its own website. As a symbol, the developers took a photo of Musk against the background of the Twitter logo. They claim that they want to give meme creators the opportunity to earn money with their coin, and in the long term they intend to make EBT an industry leader in distributed finance (DeFi).
Dogecoin, Musk’s favorite cryptocurrency, also reacted to the deal, rising 30%, or 17 cents.