Elon Musk claims X 'never will' launch a crypto token

In a reply on the social media platform he owns, Elon Musk declared that X (formerly Twitter) will "never" launch its own crypto token.

Musk's statement came in response to a warning from user @cb_doge, who urged users not to fall for fake tokens or memecoins masquerading as official X-sanctioned crypto projects — or news articles discussing them.

"Elon Musk and X never launched a crypto token," the user wrote, to which Musk replied: "And we never will."

Perhaps unsurprising to some, a slew of low-cap tokens exist with names associating themselves to X, Twitter or Musk — such as X/TWITTER, ELON BUYS TWITTER (EBT), CryptoTwitter (CT), TWITTERDOGE (TDOGE) and many others.

Musk himself has long been closely associated with dominant-memecoin Dogecoin. The X owner once changed then-Twitter's logo to the Dogecoin logo — causing, at the time, a 27% surge in the coin's price.