Zero interest in launching a crypto token on X – Elon Musk

In response to headlines suggesting Elon’s social platform X could have a crypto token, Elon Musk has clarified that there are no intentions of issuing one.

A UI/UX designer for Dogecoin, known as DogeDesigner on Twitter, pointed out two online articles and made it clear that neither Elon Musk nor X ever initiated a crypto token launch.

In response, Elon affirmed, “and we never will,” suggesting that there are no plans for his social media platform, X, to launch a crypto token in the future.

The Doge designer also cautioned individuals to be wary of any articles making such claims.

Musk’s previous comments hinted at the possibility of integrating cryptocurrency as a payment option on the social media platform. However, it was unclear which cryptocurrency would come out on top in such a scenario. Based on sentiments and Elon’s association with the meme coin, Dogecoin appeared to be the most likely choice.

Interestingly, the recent appointment of Linda Yaccarino as the new CEO might potentially disrupt or halt the eagerly anticipated plans for crypto integration, which had traders on the edge of their seats.

Nevertheless, Musk’s clarification did not completely dismiss the possibility of using DOGE as a payment option or as an in-app currency, even though he ruled out the launch of a new crypto token. So, while the idea of introducing a crypto token was scrapped, there could still be potential integration involving Dogecoin.

It’s worth noting that Elon Musk’s social media platform officially rebranded from Twitter to X in July. Following his statement regarding the absence of plans for a new crypto token, Coinmarketcap data revealed a modest 2% increase in the value of Dogecoin.

Read also: Top 20 most popular cryptos on Twitter in May 2023