Elon Musk says that the social media platform Twitter, now rebranded as “X, has no plans to launch any crypto tokens.

Elon Musk and 𝕏 never launched a crypto token. Be careful of such articles. pic.twitter.com/tZqfwMMm2X

— DogeDesigner (@cb_doge) August 5, 2023

Musk responded to a post by DogeDesigner on Saturday and addressed the problem of scam tokens like X (X) and TwitterDAO (TWITTER) fraudulently asserting connections to the social media platform.

DogeDesigner had alerted the crypto community to be vigilant about articles related to scam tokens and emphasized that neither Musk nor X had ever initiated a crypto token.

Musk replied saying, “And we never will.“

And we never will

— Elon Musk (@elonmusk) August 5, 2023

In response, one of the billionaire entrepreneur's followers asked if Dogecoin DOGE/USD was "the chosen one."

does this mean $DOGE is the chosen one? pic.twitter.com/xYDMzGmKL9

— Curb◎ (@CryptoCurb) August 5, 2023

Now Read: Musk's X Delays Ad Revenue Sharing Payout, Says No Revenue Share For Non-X Premium Users

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