Crypto Giant Founder “Star” Xu

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Youri Molchan

Mingxing Xu thinks 2023 will be optimistic for the crypto space

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‘I’m optimistic for 2023’ Elon Musk starts following OKX exchange on Twitter

In a recent tweet, Mingxing Xu, also known as “Star” Xu, founder of OK Group and OKX stock exchange, expressed hope that the coming year 2023 will be more optimistic than 2022, which is almost done now.

“I am optimistic for 2023”

In his tweet, “Star” Xu mentioned several key events that shook up the space and put selling pressure on the crypto market, the bankruptcy of Three Arrows Capital (3AC) fund, FTX and SBF exchange, the crash of the LUNA token, the liquidity problems encountered by Genesis, etc.

The recent collapse of giant FTX has pushed Bitcoin from the high of $18,200 it managed to reach in early November to below the all-time high of 2017, $16,573. Ethereum fell back below $1,200 and many other digital currencies were also thrown off the charts.

However, “Star” Xu looks to the year 2023 with optimism. He tweeted that while there have been many blows for the crypto industry in 2022, there have also been some positive developments in this tech-driven space. The influencer talked about the invention of Ethereum, proof of work, setting up SegWit, DeFi and others.

All of this, he added, pushed the cryptocurrency market to reach the value of one trillion dollars. This is the main reason why he hopes next year will be better than the current one.

Luna, 3AC, Ftx, Genesis A lot of crashes frustrate the crypto guys. I am optimistic for 2023.

Star (@starokg) December 31, 2022 Elon Musk starts following OKX exchange on Twitter

In mid-December, the crypto space was surprised by another step from Twitter boss Elon Musk, who suddenly started following the account of the OKX exchange founded by “Star” Xu on Twitter.

The trading platform’s native token jumped immediately from $22.97 to $24.15, with trading volume also showing a massive increase, adding around $3 million.

Musk is known to be a supporter of crypto, Dogecoin and Bitcoin in particular. Last year, he disclosed that he held Bitcoin, Ethereum, and DOGE. Before finalizing the agreement to buy Twitter at the end of October, he suggested adding Dogecoin as a payment/tipping option on this social network and also as a payment method for Twitter Blue.

However, he has never shown any interest in crypto exchanges before. Musk, in addition to being the successful CEO of Tesla, has founded and leads companies in diverse but humanity-crucial fields SpaceX, Neuralink, The Boring Company and now Twitter.

In the fall, he also released a limited edition of a collectible perfume called “Burnt Hair”, which could be purchased with Dogecoin, through The Boring Company (which actually builds deep underground tunnels to solve the problem of traffic jams in major US cities). Both shipments were purchased instantly. Who knows, maybe Musk is considering buying a crypto exchange or building his own.

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