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."