X Will ‘Never’ Launch a Crypto Token, Says Musk

Tech capitalist Elon Musk said that his societal media level X, formerly Twitter, volition ne'er motorboat its ain cryptocurrency token. He made the connection successful effect to a station by a idiosyncratic of the networking work informing astir fake coin projects exploiting Musk’s sanction and that of the platform.

Elon Musk Categorically Rejects Notion of X Issuing a Token

X volition “never” motorboat its ain crypto token, its owner, billionaire capitalist Elon Musk, stated explicitly. He was replying to a station by a idiosyncratic with the grip @cb_doge who warned others astir articles advertizing non-existent tokens.

The second carnivore names specified arsenic “$X token” and “Twitter token,” creating the mendacious content of links to oregon authorization by X oregon Twitter, its erstwhile marque name, and Musk. Investors are lured with claims of unthinkable terms gains successful abbreviated periods of time.

Elon Musk and 𝕏 ne'er launched a crypto token. Be cautious of specified articles. pic.twitter.com/tZqfwMMm2X

— DogeDesigner (@cb_doge) August 5, 2023

The informing points retired that neither the societal media web nor its proprietor person ever launched a integer token. “And we ne'er will,” responded Elon Musk who bought Twitter for $44 cardinal past twelvemonth and is present rebranding it to X.

The clickbait media titles besides notation the favourite crypto of X’s erstwhile CEO and existent tech chief, dogecoin. DOGE has go 1 of the astir recognizable and fashionable meme coins, mostly owed to Musk’s relation with it and shilling.

In June, Elon Musk was accused of insider trading successful a class-action suit involving dogecoin. The terms of DOGE jumped by 30% erstwhile the entrepreneur temporarily altered Twitter’s logo to diagnostic that of the meme coin. Plaintiffs claimed that the alteration had inflated its price.

Eventually, Musk replaced the iconic bluish vertebrate permanently successful July with the existent X logo. In a post, helium explained that the Twitter sanction does not marque consciousness anymore, since messages are not restricted successful presumption of characters and users tin station adjacent ample videos.

“So we indispensable bid adieu to the bird,” Musk said portion besides highlighting the relation helium envisages for the societal media level successful his program to physique a super-app. “In the months to come, we volition adhd broad communications and the quality to behaviour your full fiscal world,” the proprietor promised without specifying whether that would see cryptocurrencies.

Do you deliberation Elon Musk whitethorn alteration his caput astir issuing an X token successful the future? Tell america successful the comments conception below.