A little-known cryptocurrency has grown significantly after Elon Musk’s publications

Elon Musk has refused to issue crypto tokens related to his new AI model. He recently commented on the release of a new AI model developed by the startup he founded, xAI. He stated that this model is in some aspects «the best thing that exists right now.»

He wrote about this on social media platform X. So far, AI has been released for a limited audience.

As soon as Musk announced the system’s release, the price of the XAI crypto token immediately jumped, and its growth was mistakenly linked to the event. In fact, according to Musk himself, none of his companies will issue tokens or any other AI-related crypto assets.

Nevertheless, the rate of the little-known XAI currency increased by 164% to $ 0.3 216. The trading volume over the past day has increased by 13 300%, amounting to more than $ 2.04 million. The situation is also fueled by rumors that Musk will provide cryptocurrency wallets to xAI users in the future.

At the same time, other cryptocurrencies have not reacted to the release of the new AI model, which is why crypto analyst DogeDesigner urged investors not to overheat.

«To clarify the situation: none of Elon Musk’s companies intends to issue crypto tokens,» Elon Musk reiterated.