Elon Musk Denies Rumors of ‘X Coin’ on Social Media Platform
Elon Musk has refuted claims that his social media platform X (formerly known as Twitter) will introduce an “X coin” to reward creators. This comes after an X account suggested that the platform might be considering such a move. However, Musk responded to the post with a simple “no.” Musk, who purchased X/Twitter in October 2022, is well-known for his interest in Dogecoin (DOGE), a popular memecoin. He has previously expressed his fondness for DOGE, stating that it has the best humor and jokingly suggesting that it could become the global currency.
Key Points:
- An X account speculated that X might launch a coin for creators.
- Elon Musk denied the rumors with a straightforward “no” response.
- Musk acquired X/Twitter in October 2022 after negotiations that started in April.
- Musk has previously shown a preference for Dogecoin and discussed its potential as a global currency.
- Reports have circulated about Musk’s plans to introduce crypto payments on X.
Hot Take: Despite speculation, Elon Musk has confirmed that there will be no “X coin” on his social media platform. Musk’s interest in Dogecoin and his previous comments about the cryptocurrency’s potential add to the ongoing fascination with his involvement in the crypto space. As for X/Twitter, users will have to wait and see if any other crypto-related developments are on the horizon.
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