Tech investor Elon Musk said that his social media platform X, formerly Twitter, will never launch its own cryptocurrency token. He made the statement in response to a post by a user of the networking service warning about fake coin projects exploiting Musk’s name and that of the platform.
Elon Musk Categorically Rejects Notion of X Issuing a Token
X will “never” launch its own crypto token, its owner, billionaire investor Elon Musk, stated explicitly. He was replying to a post by a user with the handle @cb_doge who warned others about articles advertising non-existent tokens.
The latter bear names such as “$X token” and “Twitter token,” creating the false impression of links to or authorization by X or Twitter, its previous brand name, and Musk. Investors are lured with claims of incredible price gains in short periods of time.
Elon Musk and 𝕏 never launched a crypto token. Be careful of such articles. pic.twitter.com/tZqfwMMm2X
— DogeDesigner (@cb_doge) August 5,
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