After causing a lot of speculation with his recent social media activities, Elon Musk, the CEO of Tesla, has stepped up to provide clarification.
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There were rumors circulating about his alleged connection with a cryptocurrency linked to Twitter’s rebranded platform called “X”. However, Musk has strongly denied any involvement with such a cryptocurrency.
Misunderstanding of Musk’s Tweets
Speculation arose when Musk changed his Twitter bio to “Metaverse from X.com,” suggesting a connection to Twitter’s rebranding as “X.” This led crypto enthusiasts and investors to quickly speculate about a potential new cryptocurrency or token, given Musk’s reputation for influencing the market with his tweets.
Will X support cryptocurrencies?
Despite the rumors and speculations, Musk has made it clear that there are no intentions to introduce any cryptocurrency or token associated with X.com, a domain he owns. He confirmed this in a tweet, explicitly stating, “There’s no token or coin or crypto-related to X.com.”
Elon Musk and š never launched a crypto token. Be careful of such articles. ā ļø pic.twitter.com/tZqfwMMm2X
— DogeDesigner (@cb_doge) August 5, 2023
Increase in Scam Tokens Misusing Musk’s Name
Furthermore, Musk alerted his followers about the growing presence of scam tokens that are using his name for promotional purposes. One such example is the “MiniElon” token, which Musk has clearly stated he has no connection with.
Musk made his position very clear to protect crypto investors and put an end to baseless rumors. He stated unequivocally that he is not associated with any cryptocurrency related to X.com and has no intentions of being involved in such projects in the future.
Important:Ā Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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