What Is X (X)?
X(X) is a token that was created on the XRP Ledger, aiming to leverage the buzz around Twitter's name change to X.com. Additionally, X is involved in deceptive marketing tactics, like wash trading and the spamming of XRP addresses, using the memo field to advertise their token to prospective investors. Despite these activities, the token has no presence on social media, and there is a lack of clarity regarding what X does or who is responsible for its creation.
Who Are the Founders of X?
What Makes X Unique?
X engages in unscrupulous practices like wash trading and spamming advertisements to attract and build trust among investors.
A significant volume of wash trading is occurring between two addresses: rXXFbpjjDRLyCdePQtHgegJ3JTu1BY2mC, the issuer of the token X, and rXXLK4xawxzrYYwdDxBM762Du2ysxx6Kq, a wallet that has been activated by the issuer of X.
X is targeting potential investors on the XRP Ledger by sending spam payments of 0.000004 XRP, accompanied by a deceptive memo. The fraudulent message reads: "$X is a new Mem for XRPL. Now we are pump the trading volume to historical highs. This has never happened before in XRPL. You too can take part in this if you buy $X. The more X will be bought, the more volume we will get! Let's do it together!" This message is intended to entice investors into buying the token.
X has no presence on social media, and there is no whitepaper outlining the purpose or use case of the X token. Mentions of Elon Musk have been found within the memo spam. Engage with the X token at your personal risk.