He wrote this on the social network X. AI has so far been released for a limited audience.

As soon as Musk announced the launch of the system, the price of the XAI cryptotoken immediately rose, and this increase was mistakenly attributed to the event. In fact, as Musk has personally said, none of his companies will be issuing tokens or any other crypto assets related to the launch of AI.

However, the XAI rate increased by 164% to $0.003216. Trading volume in the last 24 hours has increased by 13,300%, which is over $2.04 million. This is also fueled by rumors that Musk will provide crypto wallets to xAI users in the future.

At the same time, other cryptocurrencies did not react at all to the launch of the new AI model, and therefore cryptanalyst DogeDesigner urged investors not to fall into hysteria.

“To be clear, none of Elon Musk’s companies have any intention of issuing crypto tokens,” Elon Musk said.

Source: Ferra

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


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