'Elon Buy Twitter' Crypto Coin launched Amid Twitter Deal

Tesla CEO and one of the world's billionaires, Elon Musk has taken over the command of the social networking site Twitter. This deal between Twitter and Elon Musk was sealed late on Monday. While Twitter's shares climbed in global markets with this deal, its effect was visible in the crypto market as well.

After the news of accepting Musk's offer to buy Twitter, an individual launched a crypto coin named 'Elon Buy Twitter', which saw a tremendous jump. According to a report, the price of the 'Elon Buy Twitter' coin rose immediately after the news of the sale of Twitter and within a few hours, its price jumped higher than anyone’s expectations. There was also a competition among crypto investors to buy this coin.

Elon Musk is considered by many as the greatest crypto influential person. He is very vocal about the potential found in cryptocurrencies and often expresses his fondness for Dogecoin, which has led to higher token prices.

Many other crypto coins started rallying out in the market named after Elon Musk after the news came out. These include Doge Elon Mars, Elon GOAT, Floki Musk, and Elonhype.

In addition, Elon Musk's favorite crypto-token, Dogecoin, has rallied. It has risen about 30% and is currently trading at $0.1619, up 27.14% from 24 hours ago.