Bitcoin rallied to record highs late on Tuesday, bringing the rest of the crypto market with it as the predicted victory of President-elect Donald Trump took shape. But one of the biggest earners of the past day may have been unexpected – the Elon Musk-themed Telegram tap-to-get game.
X, the Telegram game X Empire token is now up 53% in the last 24 hours according to CoinMarketCap data, with a current price of $0.000073. The token issued on Open Network (TON) rose as high as $0.000096 late Wednesday, back from an all-time low of $0.000033 on November 3.
In the process, X Empire became the most traded token on The Open Network besides Tonocoin (TON). That's a 356% increase over the previous 24-hour period, and during the same period runner-up NotCoin (not) doubled with $159 million in trading volume.
What causes the increase? X Empire pays an unofficial tribute to Elon Musk and originally launched as “Musk Empire” in the summer. While the game quickly rebranded, Tap to Earn remained focused on improving Musk's cartoonish renderings and merchandising before the game debuted in October and went off the air.
In the real world, Musk is a prominent supporter of Donald Trump and has spent $130 million behind the Republican candidate's campaign through his TechX America PAC. Mook has appeared at Trump rallies in the past two weeks before Election Day.
Other Mac-related coins have also surged of late, most notably Dogecoin, the original meme coin and favorite of Tesla and SpaceX CEOs. DOGE is up 73% over the past 30 days, driven in part by the uproar surrounding the incoming government agency—called the Department of Government Efficiency (or DOGE)—that Trump says Musk may run.
Overnight, Musk called out Twitter (aka X) for “record usage” in the midst of the election frenzy, sharing a chart showing US mobile data per second on Tuesday. But the frame is limited, and the chart only shows the last weeks worth of data.
GG newspaper
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