Tesla CEO Elon Musk’s acquisition of Twitter has been one of the most impactful events in the cryptocurrency space lately. Some projects made jokes about this situation. The last of these was Stani Kulechov, the founder of the popular altcoin Aave (AAVE). Here are the details…
Twitter joke from the founder of altcoin project Aave
Stani Kulechov, the founder of Aave, a popular decentralized finance project, in a post he made on his Twitter account, “Twitter” as a “last minute” development. announced that he has joined ” as interim CEO. While it’s clear that this is most likely a joke, the price of AAVE has been on the rise. After Stani’s tweet, the cryptocurrency, which is in 54th place with a market capitalization of $ 2.3 billion, rose from $ 155 to $ 178.
At the time of writing, AAVE, which seems to have pulled back slightly as BTC, the largest cryptocurrency by market cap, went below $39,000, is currently trading at $170.35. You can also view the price action of AAVE, a decentralized finance protocol that allows people to borrow and borrow cryptocurrencies, from a daily chart above.
Elon Musk’s Twitter acquisition
As we reported on Kriptokoin.com, the social media giant confirmed late Monday that it had accepted Musk’s offer and bought the company’s shares per unit in a transaction of approximately $44 billion. It sold for $54.20 per head. The shares are priced at a 38 percent premium over TWTR’s closing price on April 1, 2022.
In the news release, Tesla and SpaceX CEO announced his decision to buy a full stake in the platform, saying Twitter wants to unlock its “enormous potential.” It also promised to improve Twitter by “enhancing the product with new features, open-source algorithms to increase trust, defeating spam bots, and verifying the identity of all people.” Since the beginning of the week, Elon Musk’s Twitter move has been one of the most talked about topics and has been the subject of jokes from various projects.
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