Elon Musk, the head of X (formerly known as Twitter), has recently announced a significant decision. He declared that the platform will not launch a native crypto token in any case. Musk made this statement via its official X account. Apart from that, the X head also asserted that he will also not launch such a token.

The respective statement has been made by Musk while responding to @cb_doge. The respective X user shared a screenshot containing a link to an article that claimed that the X head has confirmed the launch of the X token. Another link was dealing with an article describing the huge uptick of some TWITTER tokens.

Elon Musk Says the Social Media Giant Will Not Release a Native Crypto Token

In Musk’s response, the X head noted that such articles are not authentic. He added that the readers should be careful while dealing with such an article. As per Elon Musk, the social media platform has not launched any crypto token up till now. Additionally, Musk emphasized the decision not to launch any crypto token even in the future.

@cb_doge’s intention urged the consumers not to invest in the fake crypto or meme tokens that pretend to be the official projects operating under X. @cb_doge moved on to caution the consumers regarding such malicious projects as well as the news article that discusses them. While addressing the matter of scam crypto tokens such as TwitterDAO (TWITTER) and X (X), both @cb_doge and Musk advised the users to stay away from the projects that make the common masses believe that they are linked to X.

On the other hand, they do not have any connection with it in reality. Formerly, Musk hinted about the integration of crypto assets for payments on X. Nonetheless, no particular crypto assets were mentioned. Noticing this, traders remained wondering about if the social media platform would utilize Dogecoin (DOGE) or some other crypto.

New CEO’s Appointment at X Ignites Doubts on the Integration of DOGE for Payments

Nevertheless, Linda Yaccarino’s appointment as the social media platform’s latest chief executive officer raised some doubts concerning the DOGE integration’s probability. Even then, the recent remarks from the Twitter head have revitalized the positive sentiments among the investors of Dogecoin.