Billionaire Elon Musk set up a payment system for Twitter and in this system to cryptocurrencies after leaving the door open dogecoin and Mask Network (MASK) caused a rise in altcoins.
Jump Trading Has Been Accumulating Mask Network (MASK) Altcoins for Some Time
However, as a recent development, it turned out that Jump Trading, a giant cryptocurrency investment company, bought 26,617 (approximately $100,000 worth) MASK altcoins in the last 24 hours.
Jump Trading made these purchases from Coinbase, Binance and Kucoin cryptocurrency exchanges.
Jump Trading has been accumulating MASK since November 2, 2022 and currently holds 964,680 MASK ($3.63 million).
Ethereum, Binance Smart Chain and polygon Built on top of it, Mask Network provides a simple interface for using various Web3 applications, allowing users to exchange assets without leaving Twitter through applications such as Uniswap and SushiSwap.
Meanwhile, Mask Network founder and CEO Suji Yan has neither confirmed nor denied that the token will be used for payments on Twitter. “I think Elon can choose any token. A freedom of expression platform should allow all tokens,” he said.
Still, from a purely technical point of view, Mask Network could be well suited to integrate with social media platform Twitter and add crypto payment options.
The network launched the MASK token in February 2021 through a mechanism called Initial Twitter Offering (ITO).
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!