Elon Musk’s Rebrand of Twitter to X drives many tokens wild

Elon Musk’s Twitter is dropping its blue bird logo for an X symbol. The move has spurred a mad surge in several tokens branded ‘X’ on decentralized exchanges (DEX) overnight.

Musk tweeted about the change over the weekend and Twitter CEO Linda Yaccarino confirmed the rebranding on Sunday.

In April, Musk merged Twitter Into X Corp and registered X.AI Corp as an artificial intelligence company. Later, in July, Musk established xAI, his own AI company to “understand the universe.”

Scores of X tokens have now appeared on multiple blockchain networks with one of them jumping as much as 1,200% over the 24 hours even though its project shuttered in May. Newer tokens have also been issued by following Musk’s tweets.

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