Recently, a warning message emerged from the designer behind Dogecoin’s iconic graphics, emphasizing a crucial distinction: neither Elon Musk nor his companies are affiliated with any crypto token or exchange.
Recently, a warning message emerged from the designer behind Dogecoin’s iconic graphics, emphasizing a crucial distinction: neither Elon Musk nor his companies are affiliated with any crypto token or exchange.
A Dogecoin Graphic Designer Going by the Handle cb_doge on X has issued a reminder echoing Elon Musk’s non-affiliation with any token or cryptocurrency exchange.
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, often resulted in price increases and increased public interest. Given this background, the technology mogul could easily launch his 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 backing 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 that dissociated his company xAI from the meme coin xAI Corp (XAI).
It is worth mentioning that while neither Musk nor any of his companies have ever launched a cryptocurrency, Tesla does accept 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 Dogecoin designer’s crucial reminder, backed by Musk’s statements, seems crucial for the cryptocurrency market as it helps prevent unfounded rumors and ensures that investors make decisions based on accurate information.
