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Crypto Alert Issued Related to Elon Musk: What It’s About — TradingView News
Recently, a warning message from the designer behind Dogecoin’s iconic graphics surfaced, underlining a crucial distinction: neither Elon Musk nor his companies are affiliated with any crypto token or exchange.
A Dogecoin graphic designer who goes by the name cb_doge on X has issued a memo that echoes Elon Musk’s non-affiliation with any cryptocurrency token or exchange.
Just a reminder:
Elon Musk and his companies are not affiliated with any token or crypto exchange. Be careful. ⚠️ pic.twitter.com/HLnPJZTR8L— DogeDesigner (@cb_doge) May 6, 2024
Elon Musk, CEO of Tesla and SpaceX, has tweeted about cryptocurrencies in the past. Musk, who calls himself “the DogeFather,” began tweeting about Dogecoin in 2019. His tweets and comments about various cryptocurrencies, including Dogecoin, have often led to price increases and increased public interest. Given these premises, the tech mogul could easily launch his own cryptocurrency, but that is not the case.
Despite his support for digital assets, Musk maintains that his companies remain disassociated from any direct involvement in the creation or approval of crypto tokens.
Last November, Musk made it clear that none of his “companies will ever create a crypto token” in response to a post disassociating his company xAI from the meme coin xAI Corp (XAI).
It’s worth mentioning that while neither Musk nor any of his companies have ever launched a cryptocurrency, Tesla accepts Dogecoin as payment for some of its merchandise. In a recent development, Tesla’s payments page has been updated and now includes Dogecoin.
However, the crucial memo from Dogecoin’s designer, supported by Musk’s statements, appears crucial for the cryptocurrency market as it helps prevent unfounded rumors and ensures investors make decisions based on accurate information.