Elon Musk’s X is seeing important success with the launch of the cashtags characteristic for crypto property similar to BTC, ETH, XRP, and DOGE. The X cashtags characteristic has pushed as much as $1 billion in buying and selling quantity, a growth that comes simply because the social media platform plans to launch public entry to ‘X Money.’
X Cashtags Feature Drives $1 Billion In Trading Volume
X’s Head of Product, Nikita Bier, revealed that, based mostly on aggregated knowledge, the platform’s cashtags characteristic has pushed an estimated $1 billion in international buying and selling quantity since launching earlier this week. As CoinGape reported, X launched these smart cashtags for crypto and shares.
Alongside the launch of the X cashtags characteristic, the social media platform had additionally introduced a pilot integration with Wealthsimple, a Canadian brokerage. The integration permits customers to commerce these property immediately from the social media platform.
Commenting on the buying and selling quantity milestone, market commentator The Kobeissi Letter famous that U.S. markets now see a report $1 trillion in every day buying and selling quantity. They consider that at the very least 25% of this market quantity is influenced by info or evaluation that’s posted on the social media platform. “That’s $250B+ in daily trading volume. We are bullish on Finance X,” they added.
It’s nice to see Finance X getting the find it irresistible deserves.
US markets now see a report $1 trillion in every day quantity.
At least ~25% of market quantity is influenced by info or evaluation that’s posted X.
That’s $250B+ in every day buying and selling quantity. We are bullish of Finance X.
— The Kobeissi Letter (@KobeissiLetter) April 17, 2026
Meanwhile, the X cashtags characteristic types of Elon Musk’s plans to rework the social media platform into an ‘everything app.’ It is price noting that the platform additionally plans to launch its cost system, ‘X Money,’ with early public entry prone to roll out this month, in response to Musk.
Crypto Traders Bet Against X Money Launching This Month
Crypto merchants are betting in opposition to X Money’s launch this month amid the rollout of the X cashtags characteristic for crypto prices. Polymarket knowledge present a 46% likelihood the cost system will launch by April 30, suggesting most merchants are betting in opposition to it.
It is price noting that Senator Elizabeth Warren has already raised issues about X Money forward of its launch. In a letter to Musk, Warren said that plans to launch the digital cost system increase important client, monetary stability, and nationwide safety issues that require speedy congressional consideration.
Furthermore, she raised issues that X could should undertake dangerous investments to pay 6% APY on deposit accounts, which is larger than the present Federal Reserve rates of interest. Additionally, Warren said that X Money could embody stablecoin issuance, which she described as a priority. The senator directed Musk to provide a written response detailing his plans for X Money by April 21.
