🚀🔥 Elon Musk's new war on "fake" currencies — Statement December 3rd**
Today, Elon Musk made a fiery statement that angered many small cryptocurrency projects, saying:
"I will not allow fraudulent cryptocurrency advertisements on platform X.
Fake projects will be banned immediately."
Musk added that he is working on:
✔ An auditing system for projects before allowing advertisements
✔ Banning any currency that uses his image or name to attract investors
✔ Enhancing protection against fake accounts promoting fictitious projects
✔ Strict filtering of crypto ads within X
⸻
🎯 Why is this statement dangerous and impacting the market?
1️⃣ Many MEME coins rely solely on Elon’s name.
After this decision… they may disappear from X entirely.
2️⃣ Projects exploiting his image to attract FOMO
may face immediate bans.
3️⃣ The platform may become a “cleaner” environment for actual projects
like DOGE, XAI, and Floki.
4️⃣ A significant reduction in misleading ads is expected
within a few weeks.
⸻
⚠️ Summary
Musk’s statement today could shake up the meme coin market,
and completely reshape the landscape…
especially for projects that rely solely on his name without fundamentals.
Not investment advice — do your own research (DYOR).
