This week, social media has been abuzz with claims that Elon Musk is planning to buy 50 billion XRP, the native cryptocurrency of Ripple. The rumor originated from a user on X named CryptoGeek, who also claimed that Musk expects XRP to reach an astonishing value of $600.37 per coin.
"Elon Musk SUGGESTS BUYING XRP for 50 BILLION DOLLARS!! $600.37 for each XRP," the post went viral on CryptoGeek, quickly attracting the attention of cryptocurrency enthusiasts, especially within the 'XRPArmy'.
However, fact-checking has debunked this claim. Perplexity AI responded, "Hey! The claim that Elon Musk proposed to buy XRP for $50 billion seems to be untrue." The AI assistant added, "Fact-checking sources have confirmed that this is a false rumor... there has been no official announcement from Elon Musk, Ripple, or X."
Adding to the speculation, CryptoGeek also accused Musk of posting a brief message saying "#XRP looks quite promising" before deleting the message just 20 seconds later. He further claimed that Musk is "working on a global payment deal with Ripple." But despite the buzz, there are no screenshots or archived copies of the alleged tweet.
Even CryptoGeek has not provided evidence. This leads many people to believe that the post may have never existed. "Although there has been much speculation, Musk has never officially confirmed XRP or announced a partnership," Perplexity AI noted. "He mainly focuses on Dogecoin when discussing cryptocurrencies."
With the XRP community fueling speculation, analysts warn investors to remain skeptical of unverified social media posts. Until Musk or Ripple confirms any involvement, rumors remain nothing more than baseless hype.
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Elon Musk Will Buy 50 Billion USD XRP from Ripple: Reality Check
This week, social media has been abuzz with claims that Elon Musk is planning to buy 50 billion XRP, the native cryptocurrency of Ripple. The rumor originated from a user on X named CryptoGeek, who also claimed that Musk expects XRP to reach an astonishing value of $600.37 per coin. "Elon Musk SUGGESTS BUYING XRP for 50 BILLION DOLLARS!! $600.37 for each XRP," the post went viral on CryptoGeek, quickly attracting the attention of cryptocurrency enthusiasts, especially within the 'XRPArmy'. However, fact-checking has debunked this claim. Perplexity AI responded, "Hey! The claim that Elon Musk proposed to buy XRP for $50 billion seems to be untrue." The AI assistant added, "Fact-checking sources have confirmed that this is a false rumor... there has been no official announcement from Elon Musk, Ripple, or X." Adding to the speculation, CryptoGeek also accused Musk of posting a brief message saying "#XRP looks quite promising" before deleting the message just 20 seconds later. He further claimed that Musk is "working on a global payment deal with Ripple." But despite the buzz, there are no screenshots or archived copies of the alleged tweet. Even CryptoGeek has not provided evidence. This leads many people to believe that the post may have never existed. "Although there has been much speculation, Musk has never officially confirmed XRP or announced a partnership," Perplexity AI noted. "He mainly focuses on Dogecoin when discussing cryptocurrencies." With the XRP community fueling speculation, analysts warn investors to remain skeptical of unverified social media posts. Until Musk or Ripple confirms any involvement, rumors remain nothing more than baseless hype.