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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 ð never launched a crypto token. Be careful of such articles. â ï¸ 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.
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.