Elon Musk denies association with any XAI crypto token

Elon Musk confirmed that none of his companies will create any crypto token(s).

XAI is an artificial intelligence company owned by Tesla CEO Elon Musk. In March of this year, this company was founded by Musk. In Q4 2022, OpenAI launched the high-tech AI chatbot ChatGPT, and after that people only talked about AI technology in the early phase of 2023. Also, Musk confirmed that he longer loves crypto because he became a fan of AI technology.

An official Dogecoin (Doge) designer shared a screenshot of a news article on the XAI corp crypto token and confirmed that the token has no association with Musk or any of his company.

Tesla CEO Musk also responded and confirmed that none of his companies will create any crypto token in the future.

This is not the first time when Musk talked about fake crypto tokens showing association with his companies. Many times he confirmed that Tesla, X (Twitter), and xAI, will never create any crypto token. 

XAI Corp token 

X-AI is not a popular crypto token, even the backend team is unknown to the crypto sector. 

This token is misleading the crypto investors, as intended to be an official crypto token by Elon Musk’s AI tech firm.

Recently, Musk shared a clip of an interview with UK Prime Minister (PM) Rishi Sunak on X. The main vision of the whole interview was focused on AI technology.

Following the shared interview, the trade price of this token surged rapidly. But as Musk confirmed that none of his company was/is behind this crypto token, the trade price crashed 25%. 

On 4 Nov 2023 (at the time of writing this article), the trade price of this crypto token was 188% high over the last 7 days of trade price with a net $2.25 million marketcap.

Read also: Valkyrie CIO says SEC may approve first Bitcoin spot ETF within next 25 days