Twitter’s CEO, Elon Musk, made a groundbreaking statement early today, announcing that the social media giant will soon be rebranding. Musk announced that Twitter will say goodbye to the iconic bird logo and go for a complete name change to just “X”. The news created shock waves in the crypto space, sparking both excitement and curiosity among users around the world. Here are the details…
Elon Musk made a new announcement
“Soon we will say goodbye to the Twitter brand and gradually to all the birds,” Musk said in a voice chat. “If a good enough X logo is shared tonight, we’ll launch it worldwide tomorrow,” he said. According to Musk, this brand transformation was long overdue. “This should have been done a long time ago,” said Musk, adding that he believes this change will make the platform more compatible with its technological evolution. Interestingly, Twitter’s current legal entity name is X Corp, a decision that was put in place after Elon Musk bought the company.
The “X” name has its roots in Musk’s previous ventures, including the online banking firm X.com, which he founded in 1999. X.com was rebranded as PayPal in 2001, marking the beginning of a successful online payment platform. Also in 2017, Musk considered starting a holding company called X for his ventures, including Tesla and SpaceX. That same year, he acquired the X.com domain name from PayPal, underlining the importance of the letter “X” in his business efforts.
X coin rose
Interestingly, the announcement of the Twitter rebrand also had a surprising impact on the crypto world. Following Musk’s tweet about the name “X,” a meme aptly named “X” has experienced a meteoric rise in the value of the token. Launched on June 2, 2023 with an initial value of $0.23, the token initially struggled to attract attention. However, Musk’s recent approval of the name “X” caused the value of the meme token to skyrocket to $0.427. This represents a staggering 3,000 percent increase in just one day. The 24-hour trading volume of the “X” token also exceeded $500,000.
It is important to note that such extreme price movements in meme tokens are widely considered high-risk investments. Tokens associated with popular topics or viral moments often experience significant fluctuations and may decline in value as the topic loses importance. As news of Twitter’s upcoming rebranding continues to resonate in social media and financial circles, the crypto community continues to be captivated by the explosive rise of the “X” meme token.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your own research and due diligence before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.