Elon Musk shakes the crypto world, Elon Musk bold statement on Twitter and Crypto Token, definitively denies launching a Twitter or any other crypto token.
Amidst a profusion of conjectures and fervent speculation among cryptocurrency enthusiasts, particularly the fervent Dogecoin followers, the tech magnate, Elon Musk, unequivocally dispelled any notion of Twitter (or X) venturing into the domain of its own cryptographic token.
This momentous revelation did not come through an official declaration or a mere Twitter post, rather, it surfaced as a response to another user’s query.
Elon Musk Bold Statement on Twitter and Crypto Token
The user, @DogeDesigner, who boasts a substantial following of 240,000 and has previously engaged with both Musk and the current CEO of X, Linda Yaccarino, warned against the supposed launch of a crypto token attributed to Musk and X.
Attached to the tweet was an image of news headlines disseminating this false claim.
Musk, in his characteristically stern manner, provided a curt response, affirming, “Elon Musk and 𝕏 never launched a crypto token.”
Furthermore, he asserted, “And we never will.”
While this explicit rejection of a Twitter-backed cryptocurrency coincides with a significant rebranding effort, it does not imply an outright renunciation of cryptocurrency support or any related features in a forthcoming X “everything app.” Considering Musk’s past involvement with digital assets, there remains some room for skepticism.
Elon is renowned for his ardent affinity for Dogecoin (DOGE), a whimsical memecoin initially conceived as a jest to encourage the crypto community to take a lighter approach. Fondly calling himself the “Dogefather,” he garnered considerable attention last year when he acquired Twitter for a staggering $44 billion.
Source: Yahoo Finance
Soon after, he replaced the platform’s iconic blue-bird logo with an image of the Shiba Inu dog, which symbolizes Dogecoin. This maneuver led to a 20% surge in the token’s value, but it also entangled the billionaire in a $258 billion lawsuit, alleging insider trading and racketeering.
While the possibility of a TwitterCoin or XCoin seems unlikely for the time being, the door remains for potential cryptocurrency ventures in Musk’s next endeavors.