Crypto KOL cyclop tweeted that information about “X” Token has appeared in the latest development version of X (formerly Twitter).
According to cyclop's analysis, X Token could potentially be used for X platform's revenue-sharing program or as a means of incentivizing creators, such as through tips or rewards to content creators. However, detailed information about X Token has not been disclosed yet, and it is uncertain whether it will ultimately be implemented as a token.
Previously, after the establishment of xAI, Musk announced the renaming of Twitter to “X.” As Twitter gradually undergoes the renaming process, various tokens named “X” experienced a significant surge in the market. However, after the initial hype subsided, these tokens experienced a sharp decline in value.
Currently, according to reports, the developer version includes references to “X.” The question remains whether Musk will eventually issue the “X” token. If the token is indeed released, whether it can replicate the meteoric rise of Dogecoin in 2021 is uncertain. It should be noted that Dogecoin's surge was largely influenced by Musk's support and social media engagement.
As for the future development of Dogecoin after losing Musk's support, its trajectory is subject to speculation. Without Musk's continued backing, the token may face challenges in maintaining its previous level of popularity and market value.