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. 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.
