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- Elon Musk rebranded Twitter to X this week. It led to a price spike for some X-branded crypto tokens.
- One token saw a 1,200% rally after Musk's announcement, even though the project had shut down in May.
- Newer X-branded tokens also appeared on crypto exchanges following the rebrand of Musk's company.
Opportunistic crypto traders are trying to ride the wave of attention being paid to Elon Musk's rebrand of Twitter.
After the billionaire CEO announced over weekend that his social media platform would be renamed "X," cryptocurrencies with X-related names spiked, and brand new tokens popped up on decentralized exchanges.