Elon Musk, the CEO of Tesla, changed his Twitter account to “Lorde Edge” over the weekend, prompting profiteers to create a cryptocurrency called after the billionaire’s new moniker.

Musk has had a busy few days on Twitter, even inspiring a new meme coin that skyrocketed in value on its first day of trading.

According to New York Post, although there is no evidence that Musk is involved in any way with the digital currency known as the Lorde Edge coin, crypto fans have pushed its price higher.

Despite this, the so-called Lorde Edge coin began trading on Monday and received approximately $27 million in trading activity, according to CoinMarketCap data.

On CoinMarketCap, the cryptocurrency has already been added to over 1,500 watchlists. The price of Lorde Edge coin later dropped to $0.0.000002724 but has since risen by 178 percent, as Business Insider reported.

It’s unclear who the coin’s creators are, but the cryptocurrency appears to have its own website, Twitter account, and Telegram channel.

“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. And of course… ELON – known as Dogelon Mars!” the site says.

Crypto speculators use the word “mooning” to describe any coin that rapidly goes up in value, tripling, quadrupling, or increasing by even more factors in a 24-hour period.

Musk himself made no indication that he was a participant in the coin. He previously said that he has bitcoin, dogecoin, and ether.

The name change to “Lorde Edge” has sparked speculation that Musk, who is known for praising the rise of certain cryptocurrencies, is endorsing Dogecoin once more.

On Twitter on Sunday, Billy Markus, the developer of dogecoin, stated Musk’s new user name is an anagram for “elder doge.”

“This doesn’t mean it was intentional, but it is in fact an anagram,” Markus, also known as Shibetoshi Nakamoto, wrote.

Musk previously changed his location on Twitter to Trollheim last year.

Dogecoin’s price was up more than 5% Monday morning, selling at 28 cents a coin, while rival Shiba Inu’s price was down over 4% in the last 24 hours.

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