Elon Musk

Elon Musk has restated any rumours that Twitter or “X” will launch a crypto token. In a stern reply to a fellow Twitter user Musk dispelled talk of a token by saying, “And we never will.” 
Tesla CEO Elon Musk recently dispelled rumours that Twitter (or “X”) would launch a crypto token. One Twitter user posted to the social media platform warning fellow users, saying: 
Elon Musk and 𝕏 never launched a crypto token. Be careful of such articles. ⚠️ pic.twitter.com/tZqfwMMm2X — DogeDesigner (@cb_doge) August 5, 2023 
Musk simply replied: “And we never will.” 
And we never will — Elon Musk (@elonmusk) August 5, 2023 
Links to articles calling the so-called token “$X” and “Twitter token” have made rounds in the news cycle, claiming incredible gains in 24 hours. 
The rumours come amid a significant Twitter rebrand as Musk aims to make X the new “everything app.” Understandably, users would suggest the likelihood of a Twitter or X-related cryptocurrency given the “chief Twit’s” affinity for popular memecoin Dogecoin (DOGE). 
Musk, or the “Dogefather”, acquired Twitter for a staggering $44 billion and temporarily changed Twitter’s iconic blue-bird logo for Shiba Inu, Doge’s characteristic logo. 
Musk’s move earned himself a lawsuit for racketeering and insider trading worth $258 billion and allowed DOGE to soar by 20%. X-Token Surges After Twitter Rebrand 
Although no affiliation with Twitter, X, or Elon Musk, an altcoin called the X token surged a whopping 1000% after Musk’s announcement that Twitter will rebrand itself to X.com. 
&nbsp;The X token has no link to X.com and was part of a project started by X, a decentralised NFT marketplace operating across several chains. 
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Elon Musk Says They “Never Will” Launch a Twitter/X Token

Crypto Daily™

Other articles published on Aug 6, 2023

Shiba Inu (SHIB) Transactions Skyrocket by 600% in a Single Night

YGG Coin and OXT Coin Surge on Binance

Latvia Sees Decline in Crypto Asset Purchases Amidst Concerns Over Fraud and Money Laundering

Bitcoin Hash Rate Surges: Impact on Price Outlook

CRV Price Prediction: Will Curve Dao Recover From Hacks?

XRP Holds Above $0.61 And Regains Upward Momentum

Join our free newsletter for daily crypto updates!