Elon Musk Speaks, There Is No Crypto Launch!

<p>&nbsp;"Hey guys, don't accuse as much as you like, Musk really has no intention of making crypto either."</p><p><br /></p><p>After a flurry of posts about X and digital assets, billionaire Elon Musk has finally confirmed that the X social media platform formerly known as Twitter has absolutely no plans to launch a cryptocurrency.</p><p><br /></p><p>Musk wasted no time addressing the issue of fraudulent tokens like X and TwitterDAO (TWITTER) right after he saw the post by DogeDesigner.</p><p><br /></p><p>DogeDesigner has warned the crypto community to always be wary of scam token related articles following neither Musk nor X ever launching any crypto.</p><p><br /></p><p><br /></p><p>But it should be noted that Musk had previously planned to integrate crypto as a payment option on X, so traders are wondering if he will introduce a new digital asset or choose his favorite token, Dogecoin (DOGE).</p><p><br /></p><p>However, the appointment of Linda Yaccarino as the new Chief Executive Officer (CEO) of X has raised some doubts about the use of DOGE but Musk's latest comments managed to revive optimistic sentiment among the memecoin's investors.</p><p><br /></p><p>Explained in more detail, Musk recently announced his goal to turn Twitter into a platform X called the everything app.</p><p><br /></p><p>It is also worth noting that the price of DOGE saw an increase of more than 2% in a few hours after Musk confirmed that he has no intention of launching a crypto.</p><p><br /></p><p>Despite this, DOGE price is currently trading back down by 1.09% at $0.07 in the last 24 hours with the $10 billion market cap having slipped 5.21% over the last week.</p>