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- Elon Musk restates his corporations won’t create crypto tokens amid the XAI meme token launch.
- The XAI meme token raises curiosity regardless of having no official Musk affiliation.
- A report states that the XAI token has surged 175% following Musk’s assertion.
Elon Musk, the billionaire proprietor of the X platform (previously Twitter), has reiterated that none of his corporations would ever subject a crypto token. Musk made this proclamation in a current assertion on X following the launch of a meme-themed token, XAI.
Notably, the dangerous actors behind the XAI token swung into motion to create the coin as Elon Musk based a synthetic intelligence firm, xAI. It’s value mentioning that xAI is ready to introduce an early beta model of the Grok system solely for X Premium+ subscribers.
Nonetheless, some crypto builders have seized the chance to create a meme token about Elon Musk’s synthetic intelligence endeavor. A distinguished Dogecoin designer warned the crypto neighborhood concerning the XAI meme token, noting that it has no affiliation with Musk.
The tech billionaire weighed in on the dialog, stating: “To be tremendous clear, none of my corporations will ever create a crypto token.”
Apparently, a report claimed the XAI token has already soared 175% primarily based on one among Musk’s feedback on the X platform. In the meantime, it isn’t the primary time dangerous crypto actors have created a meme token banking on Elon Musk’s popularity and actions.
Following the rebranding of Twitter to X, a meme token “X” was additionally established. The joke coin engineered greater than 10,000% surge in beneath 24 hours of launch. On the time, Musk proclaimed its platform would by no means introduce a token.
It’s value noting that Elon Musk was as soon as a fervent advocate of cryptocurrencies. He had beforehand embraced Bitcoin as a cost methodology for his merchandise earlier than suspending its use, citing considerations about its environmental footprint.
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