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Crypto-enthusiasts bought out the domain xcoin.eth after Ilon Musk’s announcement

Entrepreneurial crypto-enthusiasts have already reserved the domain xcoin.eth in case Ilon Musk decides to launch the token after rebranding social network Twitter.

The domain purchase transaction took place on the OpenSea platform and was valued at 1.20 WETH ($2,245). The seller held the domain for 2 years, but users on social media believe he may have miscalculated the price.

Earlier, Elon Musk announced that Twitter had changed its domain – it’s now x.com. And Musk has promised to unveil the company’s temporary logo as early as today.

Musk likes to surprise his subscribers. In late April, the @ExplainThisBob account quickly went viral on Twitter thanks to his tweets and comedic responses. Musk once replied to @ExplainThisBob “I love Bob,” which contributed to a rapid price spike and a rise in the value of the BOB token.

Earlier, investors went to Manhattan federal court, claiming Musk used his online influence to manipulate the price of meme cryptocurrency DOGE. The billionaire wrote tweets and enlisted the services of influencers to promote Dogecoin, and spoke about the memcoin on NBC’s Saturday Night Live program in 2021. These “publicity stunts” allowed Musk to profitably trade DOGE coins, the plaintiffs asserted. However, Musk vehemently denies all allegations.