In summary
- Bitcoin hit an all-time high on Tuesday night as Donald Trump’s victory was projected.
- X, the Telegram game token X Empire, increased by 53% in the last 24 hours, reaching $0.000073.
- The X token became the most traded on The Open Network, surpassing Toncoin (TON) with $316 million in trading volume.
Bitcoin hit an all-time high Tuesday night as President-Elect Donald Trump’s projected victory took shape, dragging the rest of the Cryptocurrency market with it. But one of the biggest winners in the last day could be unexpected: it comes from a game on Telegram based on Elon Musk.
X, the Telegram game token The token, minted on The Open Network (TON), reached as high as $0.000096 on Tuesday night, recovering from an all-time low of $0.000033 on November 3.
The X token became the most traded on The Open Network surpassing Toncoin (TON) itself, accumulating $316 million in trading volume during the period. That represents a 356% increase compared to the previous 24-hour period, and nearly doubles second place Notcoin (NOT) with a trading volume of $159 million over the same period.
What is driving this increase? X Empire pays an unofficial tribute to Elon Musk, and was originally released as “Musk Empire” over the summer. Although the game quickly rebranded, the tap-to-win game maintained its focus on improving the attributes and business of a cartoonish representation of Musk, ahead of its token and airdrop launch in October.
In the real world, Musk has been a prominent supporter of Donald Trump, backing the Republican candidate’s campaign with $130 million through the tech executive’s America PAC. Musk also appeared at Trump rallies in the final weeks leading up to Election Day.
Other cryptocurrencies linked to Musk have also risen recently, especially Dogecoin, the original and favorite memecoin of the Tesla and SpaceX CEO. DOGE is up 73% in the last 30 days, in part due to the hype around a prospective government agency, called the Department of Government Efficiency (or DOGE), which Trump himself said Elon Musk could lead.
Overnight, Musk claimed “record usage” of Twitter (aka However, it has a narrow focus and the graph only shows data from the last few weeks.
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