X CEO Linda Yaccarino Hints at Launching X Money Along With Other Innovations for the Social Media Platform in 2025

Many speculate that X will introduce its own cryptocurrency, given Elon Musk's support for Dogecoin.

Linda Yaccarino, CEO of X, has teased the arrival of X Money among other innovations for the social media platform in 2025. Many traders are speculating about the possibility of X introducing its own cryptocurrency, especially given Elon Musk's support for Dogecoin.

In a post welcoming the new year, Yaccarino hinted at new innovations coming to X users in 2025. Specifically, she mentioned X TV, X Money, and other enhancements designed to improve user experience.

“2025 X will connect you in ways never thought possible. X TV, X Money, Grok and more. Buckle up. Happy New Year!” wrote Yaccarino in her latest post on Jan. 1.

Many traders commented on Yaccarino's post, speculating that X will introduce its own currency.

“2025 is the year of $XMONEY, and the community couldn't be more excited!” said one account named XMoney Community, posting an AI-generated image of Elon Musk wearing a black X Money shirt.

Musk is known for being an avid supporter of the crypto community, especially Dogecoin (DOGE). Over the years, Musk has openly shown his favoritism towards Dogecoin. This has led many to speculate that X Money could potentially enter the cryptocurrency space.

The rise and fall of social media currencies: X Money, Diem, and TON

X is not the first company to attempt to create a social media-based currency. In 2018, Telegram launched the Telegram Open Network blockchain, also known as TON (TON). The project aimed to create a fast, scalable blockchain that could handle millions of transactions. To fund this ambitious undertaking, Telegram raised about $1.7 billion.

However, due to opposition from the U.S. Securities and Exchange Commission, which considered the token's ICO to be an unregistered securities offering, Telegram eventually stopped the project in May 2020. But a group of open-source developers and Telegram contest winners took over the project, renaming the cryptocurrency Toncoin, or simply TON.

As of press time, TON is up 4.2%, trading at $5.67. TON has a market cap of $14 billion and a 24-hour trading volume of over $174 million. Toncoin has a circulating supply of 2.5 billion tokens, giving it a substantial presence in the crypto market.

Not all social media currencies ultimately succeed. Meta also attempted to create one by launching Diem in 2019. Originally named Libra, the Diem token was marketed to the public as a blockchain-based stablecoin payment system. Similar to Telegram, the Diem Association also faced numerous obstacles from regulators who were against the token.

Ultimately, Meta discontinued the Diem project in 2022, selling all its assets to Silvergate Capital Corporation for $182 million, according to the BBC.