With the purchase of Twitter by Elon Musk, a new meme-coin has arrived in the crypto market. This new token named Elon Buys Twitter (EBT) has registered a jump of 10,500% in the last 24 hours. However, now this coin is back down. Experts have also warned that it can also be a pump and dump scheme, ie scam.

CoinMarketCap’s accordingIn the next 24 hours from April 25, the EBT token was priced at $0.00000009443, a jump of 10,524%. However, at the time of writing the news, the Elon Buys Twitter token was trading at $0.000003321.

The platform further informs that this token was created on April 21 and is being traded on decentralized exchanges such as OpenOcean and PancakeSwap.

of Business Today Report As per experts, the token is a pump and dump scheme and investors should be careful while investing in such mime coins on decentralized exchanges.

special things
The Elon Buys Twitter token was created on April 21st
Experts called it Pump and Dump Scheme
Musk bought Twitter for $44 billion

Let us tell you, Twitter is for $ 44 billion. Elon Musk’s done is. This simply means that this social media platform with the presence of millions of users and big global leaders will now be in private hands, which is owned by Elon Musk.

The deal was being discussed between Elon Musk and the Twitter board for the past few days. There was uncertainty in this last week, but after the kind of offer made by Elon Musk, the Twitter board approved the deal. According to a Reuters report, Elon Musk is ready to buy Twitter for $ 54.20 per share. This conversation has now moved on. This simply means that Twitter will no longer be a public company but will move forward as a private company.