ELON BUYS TWITTER

Elon Musk

<p class="is-style-lead">Elon Musk’s social media platform, X, has no&nbsp;<a href="https://twitter.com/elonmusk/status/1687662311010631680" target="_blank" rel="noopener noreferrer nofollow">plans</a>&nbsp;of launching a crypto token, despite previous rumors suggesting otherwise.&nbsp;</p> 
<p>The decision comes after a warning from a Dogecoin (DOGE) graphic designer, who alerted the crypto community to potential scam tokens falsely claiming association with X.&nbsp;</p> 
<p>The designer noted that neither Elon Musk nor X has ever launched a crypto token, prompting Musk to respond, saying the social media platform has no plans of launching any crypto token.</p> 
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   <p lang="en" dir="ltr">Elon Musk and 𝕏 never launched a crypto token. Be careful of such articles. ⚠️ <a href="https://t.co/tZqfwMMm2X" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/tZqfwMMm2X</a></p>— DogeDesigner (@cb_doge) <a href="https://twitter.com/cb_doge/status/1687659637611565056?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 5, 2023</a> 
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<p>It is widely known that Elon Musk has publicly expressed his support for Dogecoin (DOGE). His interest in the project was evident when he temporarily&nbsp;<a href="https://crypto.news/elon-musk-adds-dogecoin-symbol-to-his-bio-on-twitter/" rel="noopener noreferrer nofollow">replaced</a>&nbsp;his Twitter logo with the Shiba Inu logo behind Dogecoin, forcing DOGE up by 27%.</p> 
<p>Musk has also&nbsp;<a href="https://crypto.news/reports-twitter-is-closer-to-integrating-crypto-dogecoin-and-digitoads-likely-to-rally/" rel="noopener noreferrer nofollow">hinted</a>&nbsp;at integrating crypto as a payment method on X.</p> 
<p> You might also like: <a href="https://crypto.news/elon-musks-legal-team-responds-to-audacious-allegations-in-dogecoin-case/" rel="noopener noreferrer nofollow"> Elon Musk’s legal team responds to ‘audacious allegations’ in dogecoin case </a> </p> 
<p>As a result, several low-cap tokens have recently emerged, with names referencing X, Twitter, or even Musk himself. Some of them include X-token, TWITTER, CryptoTwitter, and ELON BUYS TWITTER (EBT).&nbsp;</p> 
<p>Social media accounts and news outlets have connected these tokens to X’s proposal to distribute revenue with creators. A user has also written a detailed thread on X, stating that the platform intends to use X-tokens to compensate content creators in the coming days.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24X&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$X</a> token by Elon Musk is CONFIRMED 🚨<br><br>The latest dev version of 𝕏 has implemented X coins!<br><br>How <a href="https://twitter.com/search?q=%24X&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$X</a> will affect crypto, and how to make money from it:👇 <a href="https://t.co/7DY5X4YVxi" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/7DY5X4YVxi</a></p>— 𝗰𝘆𝗰𝗹𝗼𝗽 (@nobrainflip) <a href="https://twitter.com/nobrainflip/status/1686674649042890752?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 2, 2023</a> 
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<p>Elon Musk’s confirmation should put any speculation about introducing a crypto token to rest. However, it gave DOGE a slight boost since the token is up by over 2% hours after his tweet.</p> 
<p>Overall, DOGE is up 4% in the last 24 hours,&nbsp;<a href="https://www.coinlore.com/coin/dogecoin" target="_blank" rel="noopener noreferrer nofollow">trading</a>&nbsp;at $0.075 and ranging between a low of $0.0729 and a high of $0.0758. However, trading volumes are down 10% on the last day.</p> 
<p> Read more: <a href="https://crypto.news/scammers-hack-twitter-portal-using-stolen-italian-government-emails/" rel="noopener noreferrer nofollow"> Scammers hack Twitter portal using stolen Italian government emails </a> </p>

Elon Musk says X has no plans of launching token

crypto.news

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