After Twitter s rebranding, a slew of crypto-enthusiasts and journalists began discussing the possibility of Elon Musk launching cryptocurrency X. Unidentified people even booked the domain xcoin.eth in case Musk decides to launch a token. The domain acquisition took place on the OpenSea platform and the price was 1.20 WETH ($2,245).
Prominent influencer DogeDesigner tweeted that Musk and his X Regiment did not launch crypto-tokens.
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“Be careful with articles like this,” he wrote.
Musk immediately responded to the post.
“And we never will be,” the businessman wrote on his own social media.
Recently, Ilon Musk’s favorite cryptocurrency Dogecoin (DOGE) soared in value again by nearly 9% after the Twitter CEO mentioned it in a fresh tweet.
Earlier, investors filed a lawsuit in Manhattan federal court, claiming Musk used his online influence to manipulate the DOGE exchange rate. The billionaire wrote tweets and enlisted the services of influencers to promote Dogecoin, and spoke about the memcoin on NBC’s Saturday Night Live program in 2021. These “publicity stunts” allowed Musk to profitably trade DOGE coins, the plaintiffs asserted. However, Musk denies all the allegations.