{"id":580165,"date":"2022-12-16T14:33:41","date_gmt":"2022-12-16T14:33:41","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=580165"},"modified":"2022-12-16T15:17:40","modified_gmt":"2022-12-16T15:17:40","slug":"elon-musk-okx-token-price-up-8","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/elon-musk-okx-token-price-up-8\/","title":{"rendered":"Elon Musk Hype Drives OKX Token Price Up 8%"},"content":{"rendered":"\n<p>Summary: <\/p>\n\n\n\n<ul><li>The OKB token shot up in value after Twitter CEO Elon Musk followed OKX&#8217;s account, the crypto exchange behind OKB.<\/li><li>OKB&#8217;s price rose as high as 7% by press time on the speculations that Musk might unveil crypto payments for Twitter.<\/li><li>Elon Musk does not follow Binance, another crypto exchange that invested $500 million in equity for his Twitter takeover.<\/li><\/ul>\n\n\n\n<p>OKX utility token pumped in asset value after traders noticed Elon Musk followed the company\u2019s account on Twitter. OKB is the native token for the OKX cryptocurrency exchange. Users can trade with OKB, using the coin to pay for fees and digital asset transactions.&nbsp;<\/p>\n\n\n\n<p>OKB surged over 72% on the back of Elon Musk\u2019s follow. The token traded for around $24 at press time, per data pulled from <a href=\"https:\/\/www.coingecko.com\/en\/coins\/okb\" rel=\"nofollow noopener\">CoinGecko<\/a>. It\u2019s unclear why Musk followed OKX on the social network. OKX notably advertises its partnership with European Football giants Manchester City on Twitter.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img width=\"1024\" height=\"1024\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/chart-3-1-1024x1024.png\" alt=\"\" class=\"wp-image-580168\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/chart-3-1-1024x1024.png 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/chart-3-1-300x300.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/chart-3-1-100x100.png 100w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/chart-3-1-770x770.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/chart-3-1-269x269.png 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/chart-3-1-366x366.png 366w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/chart-3-1-561x561.png 561w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/chart-3-1-876x876.png 876w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/chart-3-1-746x746.png 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/12\/chart-3-1.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/figure>\n\n\n\n<p>Some crypto participants on Twitter speculated that the OKX follow affirms upcoming web 3.0 payment integrations for the social network. Musk is a known supporter of Dogecoin, a popular crypto meme coin also known as DOGE.&nbsp;<\/p>\n\n\n\n<p>Hopes that Twitter will roll out support for several blockchain networks only increased after Elon purchased Twitter for $44 billion. Crypto exchange Binance invested $500 million in equity for Musk\u2019s massive Twitter buy.&nbsp;<\/p>\n\n\n\n<p>Binance CEO Chanpgeng Zhao previously said Twitter&#8217;s best bet was to <a href=\"https:\/\/en.ethereumworldnews.com\/binance-cz-twitter-cryptos-dogecoin-bnb\/\">integrate<\/a> multiple blockchains and cryptocurrencies. Musk also suggested that payments on Twitter were a \u201cno brainer\u201d.<\/p>\n\n\n\n<h2>Twitter Announces NFT Trading<\/h2>\n\n\n\n<p>Twitter announced NFT trading days after Elon Musk bought the company in October. The feature promised to allow NFT traders to view, buy, and sell digital collectibles from their Twitter timeliness. Twitter\u2019s so-called \u201cNFT Tweet Tiles\u201d <a href=\"https:\/\/en.ethereumworldnews.com\/musks-twitter-nft-trading-tweet-tiles\/\">rolled<\/a> out on October 27 in beta for select Apple iOS and web users.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Now testing: NFT Tweet Tiles \ud83d\ude80<br><br>Some links to NFTs on <a href=\"https:\/\/twitter.com\/rarible?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@rarible<\/a>, <a href=\"https:\/\/twitter.com\/MagicEden?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@MagicEden<\/a>, <a href=\"https:\/\/twitter.com\/dapperlabs?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@dapperlabs<\/a> and <a href=\"https:\/\/twitter.com\/Jumptradenft?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@Jumptradenft<\/a> will now show you a larger picture of the NFT alongside details like the title and creator. One more step in our journey to let developers impact the Tweet experience. <a href=\"https:\/\/t.co\/AkBisciB1i\" rel=\"nofollow\">pic.twitter.com\/AkBisciB1i<\/a><\/p>&mdash; Twitter Dev (@TwitterDev) <a href=\"https:\/\/twitter.com\/TwitterDev\/status\/1585707921433923585?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">October 27, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2>Elon Musk Riles Journalist With Suspensions<\/h2>\n\n\n\n<p>Crypto participants noticed the following amid online tension between Musk and several journalists on the social network. Users were outraged after Twitter suspended several accounts of reporters who cover the tech billionaire.&nbsp;<\/p>\n\n\n\n<p>Asides from journalists, Twitter also suspended several other accounts including ElonJet, a profile that tracks Musk\u2019s private jet. Musk claimed these accounts failed to comply with privacy policies and doxxing laws.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OKX token pumped after Elon Musk followed the crypto exchange on his social network Twitter.<\/p>\n","protected":false},"author":55,"featured_media":580171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[825,2],"tags":[7937,108578,1212],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/580165"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=580165"}],"version-history":[{"count":3,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/580165\/revisions"}],"predecessor-version":[{"id":580180,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/580165\/revisions\/580180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/580171"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=580165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=580165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=580165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}