Bitcoin surged to an all-time excessive value late Tuesday as President-Elect Donald Trump’s projected win took form, bringing the remainder of the crypto market with it. However one of many largest gainers over the previous day is likely to be surprising—it’s from an Elon Musk-themed Telegram tap-to-earn sport.
X, the token of Telegram sport X Empire, is now up 53% during the last 24 hours per information from CoinMarketCap, at a present value of $0.000073. The token, minted on The Open Community (TON), blasted as excessive as $0.000096 late Wednesday, bouncing again from an all-time low of $0.000033 on November 3.
Within the course of, X Empire grew to become the most-traded token on The Open Community in addition to Toncoin (TON) itself, racking up $316 million in buying and selling quantity throughout the span. That’s a 356% spike in comparison with the earlier 24-hour span, and practically doubles runner-up Notcoin (NOT) with $159 million buying and selling quantity throughout the identical span.
What’s driving the surge? X Empire pays unofficial tribute to Elon Musk, and initially launched as “Musk Empire” over the summer time. Whereas the sport rapidly shifted branding, the tap-to-earn sport retained its concentrate on upgrading the attributes and companies of a cartoonish rendition of Musk, forward of its token launch and airdrop in October.
In the true world, Musk has been a outstanding backer of Donald Trump, and threw $130 million behind the Republican candidate’s marketing campaign by way of the tech exec’s America PAC. Musk additionally appeared at Trump rallies during the last couple weeks within the run-up to Election Day.
Different cash linked to Musk have additionally surged of late, notably Dogecoin, the unique meme coin and a favourite of the Tesla and SpaceX CEO. DOGE is up 73% during the last 30 days, partly as a result of buzz round a potential authorities company—known as the Division of Authorities Effectivity (or D.O.G.E.)—that Trump mentioned that Musk may run.
In a single day, Musk claimed “document utilization” of Twitter (aka X) amid the election fracas, sharing a chart displaying information from “U.S. hourly cell seconds on Tuesdays.” It’s restricted framing, nevertheless, and the chart solely reveals the previous few weeks’ price of knowledge.
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