The rumour is spreading in the industry that Elon Musk has bought Twitter. However, in reality, the deal hasn’t been done. But even before that, someone created crypto named Elon Buys Twitter or EBT. Due to its trendy name, the cryptocurrency saw an uprise of 6000% just in one day.
According to the reports of CoinMarketCap, the price of EBT rose to 6000% and was recorded to be $0.000001527. Just before that, on 25th April, 12 am, its value was $0.00000003589.
Defining EBT
EBT is just another pump coin. It is sanctioned from an unsecure website. The crypto proclaims to be a consistent name in the industry and is a forever pump coin. However, the reality is different. Experts speculate it is a scam coin that went up suddenly and will also come down with the same speed. The profile picture of EBT also comprises the face of Elon Musk on their website.
The primary market of EBT is Pancake Swap (V2) and Openocean. According to the ranking of CoinMarketCap, it got several 3591. Experts entirely deny the reliable existence of this coin. That’s why investors should be aware of such scam coins. Investors should not put their money into such fake coins that don’t have any authentic source and information on public platforms.
Is Elon Musk planning to buy Twitter?
According to the Wall Street Journal reports, Elon Musk is interested in buying Twitter. He also made his proposal in front of Twitter authorities just this weekend. The Twitter authorities have also liked the proposal. So soon, there can be a deal, maybe just this Monday. According to the speculations, Elon Musk made a deal of $54.20 per share for Twitter. This news has also increased the value of Dogecoin while other cryptocurrencies are seeing a dip.
