Elon Musk Now Goes by 'Lorde Edge' on Twitter — What Does It Mean?

It doesn't take much for the public to react to meme-loving billionaire entrepreneur Elon Musk and his odd but rather sensational tweets. Recently, Musk changed his Twitter name to "Lorde Edge" and his location to "Trollheim." What does the name change mean?

Perhaps toying with the fact that many people would be confused by the name change, classically, Musk has left zero explanation for why his name and location reflect what they currently do.

Quick to comment once the name change got posted, the co-creator of Dogecoin, Shibetoshi Nakamoto, tweeted that “Lorde edge is an anagram for elder doge,” and added that "this doesn’t mean it was intentional, but it is, in fact, an anagram."

Comments flooded the tweet, and many people started speculating whether this signaled the creation of another coin called "elder doge." Not surprisingly, it appears that there's indeed a Lorde Edge (LEDG) token now on the Binance Smart Chain (BSC) with a total circulating supply of 10 billion, and currently, holds zero value. According to the smart contract, 21 holders anticipate and hope that the coin will become sensationalized as Dogecoin and Shiba Inu (SHIB).

Although Musk confirmed his cryptocurrency holdings last week in a previous tweet, fans are already rallying around their speculation. Musk confirmed that his holdings strictly include Ethereum, Bitcoin, and Dogecoin. Will Musk pick up a coin that he inspired?

It isn't the first time or the last time that Musk will interrupt social media platforms with his off-the-wall behavior. With the name change also came a Twitter poll for his nearly 63 million followers regarding "unrealized gains being means of tax avoidance." Musk asked his followers whether he should sell 10 percent of his stock in Tesla—estimated at 21 million.

According to the results of the poll, nearly 60 percent of the 3.5 million voters supported Musk in selling his shares, but others weren't as supportive of his decision. U.S. Senator from Oregon, Ron Wyden, took to Twitter to slam the "dogefather" and proclaimed that "It's time for the Billionaire Income Tax."

Promising to fulfill the results of the poll, Musk indeed sold 10 percent of his stock, which caused Tesla's (TSLA) stock price to fall nearly 30 percent. However, sources at CNBC that regardless of the poll, Musk would have inevitably started selling some of his stock since a tax bill of over $15 million is on the horizon.

Since the billionaire's wealth comes from stock awards and the gains in Tesla’s share price, he would likely be forced to sell given the tremendous capital gains that he has been able to obtain through TSLA. Musk was awarded 22.8 million shares of Tesla when the price was a modest $6.74 back in 2012. Since then, he has realized capital gains of just under $28 billion with shares currently priced over $1,100.