Over the weekend, Elon Musk changed his account name and location setting to Trollheim. He did not explain the meaning of these two sentences. In the past, he has also occasionally changed his name on a whim and reverted to the old name every few hours or about a day.

However, Musk’s move became the inspiration for the birth of a cryptocurrency called Lorde Edge (EDGELON). In 24 hours, the value of this digital currency increased 92 times, from USD 0.0000032 to USD 0.0002954, with an average trading volume of USD 

1 million, the highest of USD 50.3 million. However, its price has now dropped to $ 0.00001709, according to data from CoinMarketCap.

On the coin’s website, the development team describes it as “the first token to celebrate Dogefather Elon Musk”, as well as “honoring the sole leader in leading the Dogecoin and Shiba Inu projects.” Previously, Musk also referred to himself as “Dogefather”, which means “Doge’s father”.

However, Lorde Edge is not liked by the community. The development team behind the website design was also sloppy and misspelled. Some predict that this digital currency will soon plummet in value, similar to most other coin memes.

Musk doesn’t seem to have any connection with this project. Previously, his name had also been given to many other monetary memes, such as Dogelon Mars (ELON). Another coin called STOPELON was also created with the purpose of removing Elon Musk from Tesla’s leadership. When she posted a photo of her dog in September, the price of a cryptocurrency called FLOKI jumped nearly 1,000%.

In addition to Lorde Edge, a number of other names have also appeared for Musk’s new name. According to the Twitter account Wu blockchain, there are at least 5 related tokens born hours after Tesla’s CEO changed his name, including a scam code.

According to remonews.com. Source of photo: internet