In a response posted on his own social media platform, Elon Musk stated that X (Twitter) has no plans to launch its own cryptocurrency.
Musk’s comment was prompted by a warning from user @cb_doge, who warned against falling for fake tokens or meme coins posing as official X-endorsed crypto projects or articles discussing them.
The user claimed that Elon Musk and X had never introduced a cryptocurrency token, and Musk agreed with him, stating that he would also never introduce cryptocurrency.
Not surprisingly, there are several small-cap tokens with names trying to be associated with X, Twitter, or Musk.
Examples of such tokens are X/TWITTER, ELON BUYS TWITTER (EBT), CryptoTwitter (CT), TWITTERDOGE (TDOGE), etc.
Musk has a well-known relationship with the popular meme coin Dogecoin. In the past, the owner of X even changed the Twitter logo to the logo of Dogecoinwhich led to a 27% increase in the coin’s price at the time.
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2023-08-05 15:01:26
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