- Elon Musk restates his companies will not create crypto tokens amid the XAI meme token launch.
- The XAI meme token raises interest despite having no official Musk affiliation.
- A report states that the XAI token has surged 175% following Musk’s statement.
Elon Musk, the billionaire owner of the X platform (formerly Twitter), has reiterated that none of his companies would ever issue a crypto token. Musk made this proclamation in a recent statement on X following the launch of a meme-themed token, XAI.
Notably, the bad actors behind the XAI token swung into action to create the coin as Elon Musk founded an artificial intelligence company, xAI. It is worth mentioning that xAI is set to introduce an early beta version of the Grok system exclusively for X Premium+ subscribers.
However, some crypto developers have seized the opportunity to create a meme token about Elon Musk’s artificial intelligence endeavor. A prominent Dogecoin designer warned the crypto community about the XAI meme token, noting that it has no affiliation with Musk.
The tech billionaire weighed in on the conversation, stating: “To be super clear, none of my companies will ever create…
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