Following the storm of conjectures sparked by Elon Musk’s recent social media activities, the Tesla CEO has now come forward to clear the air. In response to rumors concerning his purported involvement with a cryptocurrency tied to Twitter’s rebranded platform, “X”, Musk has firmly dispelled such claims.
The Misinterpretation of Musk’s Tweets
The conjectures emerged after Musk updated his Twitter bio to “Metaverse from X.com”, indicating a possible correlation with Twitter’s rebranding to “X”. Crypto enthusiasts and investors swiftly began speculating about a potential link to a new cryptocurrency or token, further fueled by the notorious market influence that Musk’s tweets are known to wield.
Will X have Crypto Support?
Contrary to popular speculation, Musk has clarified that there are no plans to introduce a cryptocurrency or token in conjunction with X.com, a domain he owns. He affirmed this in a tweet, explicitly stating “There’s no token or coin or crypto-related to X.com.”
And we never will
Rising Scam Tokens Using Musk’s Name
Additionally, Musk warned his followers about the increasing number of fraudulent tokens that are leveraging his name for promotional purposes. A prime example of this is the “MiniElon” token, which Musk has categorically denied any association with.
In a bid to safeguard the interests of crypto investors and to dispel unfounded rumors, Musk made his stand unequivocally clear – he has no involvement with any crypto linked to X.com, and no such plans exist for the foreseeable future.