Elon Musk changes Twitter name to "Lorde Edge," new tokens pop up
Elon Musk, the self-acclaimed 'Dogefather' and the CEO of Tesla and SpaceX, has once again rocked the crypto industry as the billionaire changed his Twitter name from 'Elon Musk' to 'Lorde Edge.' What followed was a strange and speculative phenomenon.
Elon Musk new Twitter name inspires new tokens
According to the data presented by tokensniffer.com, a number of tokens have come up with names or tickers inspired by "Lorde Edge." Twitter has been buzzing with these new tokens as the total count of cryptocurrencies in the crypto space gets closer to 14,000.As pointed out by a Twitter page, 'ListingSpy,' on 8th November, in a few hours of Elon changing his Twitter name, more than 60 "Lorde Edge" tokens popped up out of nowhere in the crypto industry. In the image shared by ListingSpy, it is quite clear that many of these tokens popped up on PancakeSwap, including Lorde Edge, LordEdge, Lorde Edge Token, and many more.
Furthermore, these tokens also rose by huge percentages in their first 24-hours due to low transaction volumes. These tokens seem to be a classic attempt at a rug and pull activity. Although, nothing can be said for sure at the moment.The "Lorde Edge" effect
Elon Musk has been known for his tweets and tactics that shoot the price of cryptocurrencies up or bring them down. His influence in the crypto space seems to be increasing as the market progresses. His statements regarding Tesla's adoption of Bitcoin have led to many price hikes in the recent past.Colin Wu, a famous Chinese journalist, noted the number of "Lorde Edge" tokens coming up in the market every 24-hours. He shared an image depicting the new "Lorde Edge" based tokens in a tweet.
The reaction of crypto enthusiasts to this tweet by Wu wasn't all positive.
"Musk is a drama queen, the guy constantly seeks attention. Leave him. Do not waste your, and our, time by tweeting about Musk. 98% of the time the guy talks hot air," said an enraged Twitter user.
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