Elon Musk Changed His Twitter Name and Inspired a New Memecoin

These days, I’m not so certain which is extra outlandish: the stuff tech magnate Elon Musk does or the stuff his followers do. In latest days, it appears fairly clear that Musk and his followers have come to a digital tie on this space.

After making a ballot to let the general public resolve whether or not he ought to promote 10% of his Tesla inventory and pay taxes (spoiler: the “Yes” votes gained) on Saturday, Musk determined to alter his Twitter profile identify to “Lorde Edge” with no rationalization. This is one thing he does each from time to time, so it wasn’t an excessive amount of of a shock. What was completely different this time is that his followers latched on to “Lorde Edge” and created a memecoin on the Ethereum blockchain of the identical identify. And individuals purchased it.

According to cryptocurrency price-tracking web site CoinMarketCap, the Lorde Edge coin had a mean $11 million buying and selling quantity, which refers to how a lot cryptocurrency was traded, within the final 24 hours. As of the publication of this weblog, the token was value $0.00001065.

While that’s lower than a penny, the truth that it’s even value that a lot is weird contemplating it’s both a complete waste of cash or a rip-off.

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On the Lorde Edge website, written in a font that looks like Comic Sans, the cryptocurrency is described as “is the first of its kind token celebrating the Dogefather and crypto CEO, Elon Musk!” A “promotional video” on the group’s Twitter profile says the token was created by Musk, which isn’t true, and promotes a seemingly nonexistent advertising technique.

In case you were wondering, the coin’s logo is a Shibu Inu with green hair smoking a joint.

“Directly following Elon Musk’s twitter name change, this token pays tribute to our one and only leader in mooning multiple projects such as DOGE and SHIB,” the founders wrote, typos theirs. “And of course… ELON – known as Dogelon Mars!”

While Musk is known to have diehard fans, that’s a lot of love and worship for a mere human being. Just saying.

Lorde Edge bills itself as a token that aims to “Predict THE FUTURE of the moon mission by creating it.” Considering that taking humans to the Moon is currently a matter between SpaceX, headed by Musk, and NASA, who knows what the Lorde Edge founders hope to create.

Please think long and hard before you buy any Lorde Edge, or better yet, don’t buy it at all. (In case this sways you, Musk changed his Twitter name back to “Elon Musk.”) The internet is ripe with cryptocurrency scams lately, such as the Squid Game scam and the “Mando” scam (the latter of which refers to The Mandalorian). This wouldn’t be anything new.