Elon Musk

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 <p class="p2"><span class="s1">In an emphatic response to a social media post on August 5, Elon Musk, the CEO of X (formerly known as Twitter), put to rest any speculation about the platform launching its own crypto tokens. </span></p> 
 <p class="p2"><span class="s1">The speculation gained momentum after Musk hinted at the possibility of integrating cryptocurrency as a payment option on X.&nbsp;</span></p> 
 <p class="p2"><span class="s1">However, a tweet by DogeDesigner, cautioning users about scam tokens like X (X) and TwitterDAO (TWITTER) falsely claiming connections to the social media platform, caught Musk’s attention and prompted him to respond.</span></p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">Elon Musk and 𝕏 never launched a crypto token. Be careful of such articles. ⚠️ pic.twitter.com/tZqfwMMm2X</p> 
  <p>— DogeDesigner (@cb_doge) August 5, 2023</p> 
 </blockquote> 
 <p></p> 
 <p class="p2"><span class="s1">DogeDesigner, who has 240,000 followers, has previously <span class="s4">interacted with Musk</span>. In the tweet, he shared an image of news articles with fake headlines, claiming that X had launched a crypto token.</span></p> 
 <p class="p2"><span class="s1">Responding to the tweet, Musk categorically asserted:</span></p> 
 <blockquote> 
  <p class="p4"><span class="s1"><i>And we never will.</i></span></p> 
 </blockquote> 
 <p class="p2"><span class="s1">This four-word statement put to rest any doubts about the platform’s intentions regarding crypto tokens. While this may discourage some projects from using Musk’s personal brand or the companies he owns for their tokens, it remains to be seen if such appropriation will cease altogether.</span></p> 
 <p class="p2"><span class="s1">As mentioned earlier, in the past, Musk had dropped hints about the possibility of <span class="s4">integrating cryptocurrency as a payment option</span> on X. However, leaked images of the project earlier this year did not mention crypto or blockchain technology, disappointing some crypto community members.</span></p> 
 <h2 class="p5" id="span-class-s1-rumors-of-twitter-coin-and-dogecoin-integration-span"><span class="s1">Rumors of “Twitter Coin” and Dogecoin Integration</span></h2> 
 <p class="p2"><span class="s1">Amid speculations about X launching its own token, rumors of a native asset called “Twitter Coin” emerged on social media. Reports from <span class="s4">sources like Nima Owji </span>hinted at the possibility of a tipping and payment system on the platform.&nbsp;</span></p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">#Twitter is working on Coins! pic.twitter.com/67upjUn37D</p> 
  <p>— Nima Owji (@nima_owji) December 3, 2022</p> 
 </blockquote> 
 <p></p> 
 <p class="p1"><span class="s1">Woody Lightyear</span><span class="s2">𝛑</span><span class="s1"> concurred, stating that it’s clear Twitter is actively exploring integrating a payment system that supports both fiat and crypto.</span></p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">New buzz circulating about a "Twitter Coin" and it has been trending. No doubt, twitter is hard at work in integrating a payment system of both fiat &amp; crypto, and no doubt, for crypto, #TwitterPiPayment is the most viable option. Nothing better than Pi out there. Time will tell. pic.twitter.com/kTs3lS4Tk2</p> 
  <p>— Woody Lightyear 𝛑 (@WoodyLightyearx) December 5, 2022</p> 
 </blockquote> 
 <p></p> 
 <p class="p2"><span class="s1">Some members of the Dogecoin community saw these developments as potential indicators of a Dogecoin integration, given Musk’s affinity for the meme-based cryptocurrency. Musk had previously suggested that integrating crypto with X was a “no-brainer,” leading some to believe that Dogecoin might have a role to play in the platform’s future.</span></p> 
 <p class="p2"><span class="s1">In a Twitter Spaces on December 4, Musk stated:</span></p> 
 <blockquote> 
  <p class="p6"><span class="s1"><i>It is kind of a no-brainer for Twitter to have payments, both fiat and crypto.</i></span></p> 
 </blockquote> 
 <p class="p2"><span class="s1">Despite the rumors and speculations, Musk recently unveiled an ambitious vision for X, officially <span class="s4">rebranding Twitter as X</span>, <span class="s4">calling it the “everything app.”</span> While the integration of cryptocurrencies was not confirmed, Musk’s overall vision has revived optimistic sentiments among Dogecoin investors.</span></p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">Buying Twitter is an accelerant to creating X, the everything app</p> 
  <p>— Elon Musk (@elonmusk) October 4, 2022</p> 
 </blockquote> 
 <p></p> 
 <h2 class="p7" id="span-class-s1-elon-musk-the-dogefather-span"><span class="s1">Elon Musk: The ‘Dogefather’</span></h2> 
 <p class="p2"><span class="s1">Elon Musk is famously passionate about Dogecoin (DOGE), a cryptocurrency created as a fun and light-hearted joke for the crypto community. He even refers to himself as <span class="s4">the “Dogefather.”</span></span></p> 
 <p class="p2"><span class="s1">Last year, Musk caught everyone’s attention when he purchased Twitter for a whopping $44 billion. Shortly after, he changed Twitter’s logo to the Shiba Inu dog, the iconic image associated with Dogecoin. This move caused the value of Dogecoin to surge by 20%. However, it also led to a <span class="s4">$258 billion lawsuit </span>against Musk, accusing him of insider trading and racketeering.</span></p> 
 <h2 class="p7" id="span-class-s1-market-response-to-musk-s-statement-span"><span class="s1">Market Response to Musk’s Statement</span></h2> 
 <p class="p2"><span class="s1">According to CoinMarketCap, following Musk’s clear statement that X has no plans to launch a crypto token, Dogecoin’s price experienced a boost of over 2% in a matter of hours. This surge resulted from renewed confidence among Dogecoin traders and enthusiasts, who were relieved to hear that their admired platform would not launch a competitor token.</span></p> 
 <p class="p2"><span class="s1"><b>Related Articles</b></span></p> 
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  <li class="li2"><span class="s1">How to Buy Dogecoin – Invest with Low Fees Today<br> </span></li> 
  <li class="li2"><span class="s1">Is Dogecoin (DOGE) Set to Plunge, and Should XRP20 Be Your Fallback?<br> </span></li> 
  <li class="li2"><span class="s1">Elon Musk Net Worth, Crypto and NFT Investments</span></li> 
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Elon Musk Quashes Rumours of X Token

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