Despite 110x rise in a day, 'Elon Buys Twitter' token is still 99.9% below its peak

economictimes.indiatimes.com:

Musk has been announced, there has been ample buzz in the crypto market, particularly the tokens which share their monikers with 'Musk', 'Twitter' and 'Doge'. The whopping $44 billion cash deal by the mercurial technocrat led to mammoth gains in a little known crypto token named 'Elon Buys Twitter' (EBT) in the last 24 hours. The token, which is being traded on very limited decentralized exchanges, has zoomed as much as 10,520 per cent to $0.000009444 from 0.000000188 in just 24 hours.

Did you Know?

From Pro Kabaddi League to IPL,

The token was commanding a marketcap of merely $0.4 million, whereas the volume jumped about 2,400 per cent as EBT tokens worth $3.1 million exchanged hands in the last 24 hours, the data from coinmarketcap suggested. However, the token is still trading at a miniscule value compared to its all time high of $0.00023, scaled earlier this month, when Musk disclosed his 9.2 per cent holding in the social media platform. This token claims to give meme creators a chance to earn and allow them to gain a stipulated revenue for their work, by giving them a platform to showcase their talent to the world and add some monetary benefits to their pockets. However, there is no further clarity provided by the creators to achieve their goals. Apparently, the token has been monikered from a simple hashtag of social media trends. Market participants are bullish on the crypto tokens, which are related to Elon Musk, directly or indirectly, but warn about those, which have simply played the namesake game. Elon buying cryoto is good news for crypto due to the pro crypto stance elon personally has. He has mentioned that he holds Bitcoin, Ethereum and Doge personally and Tesla has Bitcoin in