ELON BUYS TWITTER

Dogecoin

Elon Musk

<div class="cryptonews"> 
 <p class="is-style-lead">Elon Musk’s social media platform, X, has no&nbsp;<a rel="noopener noreferrer nofollow" title="plans" href="https://thebittimes.com/tag/plans.html">plans</a>&nbsp;of <a rel="noopener noreferrer nofollow" title="launching" href="https://thebittimes.com/tag/launching.html">launching</a> a crypto <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>, 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 <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s 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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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">Elon Musk and never launched a crypto <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>. Be careful of such articles. ️ pic.twitter.com/tZqfwMMm2X</p>— DogeDesigner (@cb_doge) August 5, 2023 
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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;replaced&nbsp;his Twitter logo with the Shiba Inu logo behind Dogecoin, forcing DOGE up by 27%.</p> 
 <p>Musk has also&nbsp;hinted&nbsp;at integrating crypto as a payment method on X.</p> 
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 <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 <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s 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-<a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s to compensate content creators in the coming days.</p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">$X token by Elon Musk is CONFIRMED <br><br>The latest dev version of has implemented X coins!<br><br>How $X will affect crypto, and how to make money from it: pic.twitter.com/7DY5X4YVxi</p>— (@nobrainflip) August 2, 2023 
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 <p>Elon Musk’s confirmation should put any speculation about introducing a crypto <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> to rest. However, it gave DOGE a slight boost since the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> is up by over 2% hours after his tweet.</p> 
 <p>Overall, DOGE is up 4% in the last 24 hours,&nbsp;trading&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> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Scammers hack Twitter portal using stolen Italian government emails 
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Elon Musk says X has no plans of launching token

TheBitTimes

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