Is the presale of Elon Musk's cryptocurrency real?
No, the presale of an official cryptocurrency from Elon Musk is not real. Although there have been announcements and posts on social media about the supposed presale of tokens like “X Token” or cryptocurrencies linked to Musk, these initiatives do not have his support or direct involvement. In fact, Elon Musk himself has denied being associated with these projects, and cybersecurity experts have warned that these are attempts at scams that use his image and the branding of his company to deceive users. If you see advertisements or messages promoting the presale of a cryptocurrency supposedly created or endorsed by Elon Musk, it is most likely a fraud, and you should not invest your money in them.
Paul Atkins, the new chairman of the SEC, has directly criticized the agency's previous regulatory approach under Gary Gensler, stating that it created a hostile environment for cryptocurrency innovation. Speaking at the SEC's third roundtable on cryptocurrencies on April 25, 2025, Atkins stated that "market participants using this technology deserve clear regulatory rules" and accused the agency of fostering "regulatory uncertainty" that has hindered development in the sector.
Trump's meme coin $TRUMP has delayed its scheduled token unlock by 90 days, postponing the release of 40 million tokens valued at approximately $320 million that were originally set to enter circulation on April 18, a move that coincided with a 60% increase in the coin's value following the announcement that major holders would be invited to an exclusive dinner with President Trump. #dinnerwithtrump #memecoin🚀🚀🚀