You always run the risk of getting rug-pulled when you invest in a meme token. So many are set up for a joke and never go anywhere. Enter the xAI token – the first Elon Musk and AI-related Memetoken that entered the crypto sphere in 2023. Or at least, that’s what it claims to be. The reality is that xAI hasn’t launched any type of cryptocurrency.
That brings us to XAI315K, a supposed token related to xAI.
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So, is XAI315K a scam? We reveal the answers in this article.
What Is XAI315K?
Also known as XAI951x, XAI315K is a supposed crypto token that you may have seen touted on platforms like YouTube and TikTok. Specifically, you usually have to dig into the comments of a video to see mentions of XAI315K, where commenters talk as though the token is the next big thing in crypto. The commenters claim it’s the first Elon Musk/xAI crypto token released to the public, which is a clear sign that it wants to use Musk’s name to build authority in the crypto space.
Is XAI315K a Scam?
The short answer is yes – XAI315K is a scam.
There are several signs that this token doesn’t really exist and that’s just a way for its “creators” to scam money out of unwitting investors, including the following:
Sign 1 – The Advertising Method
We mentioned the use of YouTube comments sections to promote the token. That’s a giveaway. Most new tokens are promoted using social media. However, the comments section is rarely the home of a new token’s advertising. Token creators will create full YouTube videos, post on platforms like LinkedIn and Instagram, and even enlist influencers to talk about the new token in their videos.
None of that happened with XAI315K. Instead, the creators relied on using bot accounts to post comments underneath other people’s videos to draw attention to the token.
Sign 2 – The Website Is Already Down
When it was first “announced,” the XAI315K token had a website announcing a presale and a bonus of up to 200% for early investors. There was also a countdown timer – used to create Fear of Mission Out (FOMO) – and a button encouraging you to buy $xAI as soon as possible. And why wouldn’t you? Investors had supposedly already spent over $35 million on the token, with 98% already sold in the presale.
All of this use of FOMO is another sign that XAI315K is a scam. Try to visit the site today and you’ll see a “This Site Can’t be Reached” error, indicating that the scammers have already pulled their token.
Sign 3 – Elon Musk Hasn’t Promoted the Coin
“Don’t bet the farm on a meme coin,” Musk said in February 2024. “You’re not gonna win.” That alone is an indictment on XAI315K, with Musk also likening the trading of crypto tokens to a game of musical chairs.
There aren’t encouraging signs for XAI315K as they reveal that Musk himself isn’t promoting the coin. He has nothing to do with it – Musk hasn’t promoted XAI315K or any sort of crypto token related to xAI. Any xAI token that was released to the public would have Musk’s direct involvement, meaning his lack of public mention of XAI315K confirms the token is a scam.
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When my sweet old grandmother got caught up in an Amazon gift card scam, I decided then and there that I needed to do whatever I could to inform as many people as possible about the grifters of the world. That’s what I do here – writing about modern scams so you don’t get caught out.
Frankly, anytime I get any email with Elon Musk’s name on I ignore as I wouldn’t want to buy anything associated with his name even if it’s not a scam.
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