A statement from Elon Musk has confirmed that his social media platform, X (formerly known as Twitter), has no intention of releasing crypto tokens in response to questions about X that sparked controversy. This also eliminates the possibility of any digital currency being related to Twitter.
Elon Musk gave this response in reaction to a tweet by user @DogeDesigner on the X platform, which reminded that Elon Musk and š have never released a crypto token.
The tweet from the @DogeDesigner account with more than 240,000 followers came soon after several media reported a surge of more than 10,000% in the TwitterDAO token. After an investigation, it turned out that the token had no connection whatsoever with the social media platform owned by Elon Musk.
Musk later responded to the tweet with the firm comment, "And we never will.
"Previously, Musk had hinted at the potential integration of cryptocurrencies as a payment method on
However, the presence of Linda Yaccarino as the platform's new CEO has raised some questions about DOGE's possible adoption. However, the latest statements from Musk have restored the spirit of optimism among Dogecoin investors.
Moreover, Musk has expressed an ambitious vision to transform Twitter into a platform that covers all aspects of the X world, known as the āeverything appā concept. This move was marked by Twitter's official rebranding to X in July.