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- A Supposed Twitter-linked token X skyrockets 10,000% inside 24 hours.
- Elon Musk dismisses token launch rumors, asserting, “We by no means will”.
- Dogecoin designer’s cautionary tweet prompts cautious reception amid surging tide.
In a outstanding flip of occasions, a purported Twitter-linked cryptocurrency (X) has seen an astonishing surge of 10,000% inside a mere 24-hour timeframe. The meteoric rise has despatched shockwaves all through the crypto neighborhood, prompting intrigue and skepticism from buyers and lovers alike.
A UX/UI and graphic designer affiliated with the famed Dogecoin (DOGE) took to Twitter to voice a cautious sentiment in regards to the supposed Twitter token. The person underscored a salient level: Elon Musk, the proprietor of Twitter, has not launched a cryptocurrency token.
The tweet served as a stark reminder for the neighborhood to strategy such speculative narratives amid the rising tide with a level of circumspection. For context, the X token launch comes amid Twitter’s rebranding to ‘X.’
Apparently, Elon Musk himself weighed in on the matter. Musk concurred with the sentiment put forth, reinforcing the designer’s stance. With resolute candor, he proclaimed, “And we by no means will.”
The declaration from the tech visionary resonates an air of finality to any hypothesis of Twitter ever launching a cryptocurrency. Many crypto lovers within the remark part expressed a shared sentiment with Musk.
A Twitter Blue subscriber recognized as Kandle agreed that there was no want for a local asset for the social networking platform. The Twitter person remarked:
There’s no have to tokenize all the things; we’ve the identical perception, create a product that works. No tokens, No BS.
In the meantime, it’s value mentioning that Elon Musk was once a fervent proponent of cryptocurrencies. Musk beforehand accepted Bitcoin fee for his product earlier than suspending it resulting from its supposed environmental influence.