Elon Musk exposes rip-off token claims

Elon Musk has actually specified that his social networks platform X (previously Twitter) has no strategies to introduce crypto tokens in action to a post concerning doubtful X and Twitter-based digital currencies on Saturday, Aug. 5.

In action to a post by DogeDesigner, Musk resolved the problem of rip-off tokens like X (X) and TwitterDAO (TWITTER) incorrectly declaring connections to the social networks platform. DogeDesigner had actually warned the crypto neighborhood about bewaring with posts associated with rip-off tokens and clarified that neither Musk nor X had actually ever released a crypto token. In his reply, Musk asserted, “And we never ever will.”

Formerly, Musk had actually dropped tips about incorporating cryptocurrency as a payment choice on X. Traders were left questioning whether he would present a specific crypto token or stick to his preferred– Dogecoin (DOGE).

And we never ever will

— Elon Musk (@elonmusk) August 5, 2023

Nevertheless, with the consultation of Linda Yaccarino as the brand-new CEO, some doubts developed concerning the probability of a DOGE combination. Still, current remarks from Musk have actually restored positive beliefs amongst Dogecoin financiers.

Musk just recently revealed his enthusiastic vision of changing Twitter into an all-inclusive platform called X, the so-called “whatever app,” formally rebranding Twitter to X in July.

Related: Agence France-Presse takes legal action against Elon Musk and X/Twitter over payment for news

Following Musk’s verification that he has no intent of releasing a crypto token, the cost of Dogecoin experienced a boost of over 2% in a matter of hours, according to CoinMarketCap.

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