Has Saudi Arabia really invested in the #PEPE currency?

Rumors on social media: Rumors have spread on the platform X (formerly Twitter) that the Crown Prince of Saudi Arabia, Mohammed bin Salman, supports the PEPE currency with the aim of raising its price to one dollar.

* No official evidence: There is no official statement or reliable news report from Saudi government sources or major investment institutions confirming this investment.

* Saudi Arabia's investments in technology: Currently, Saudi Arabia is focused on large investments in areas such as artificial intelligence, infrastructure, and major projects like Neom. Investing in a high-risk meme currency like PEPE seems incompatible with these strategic directions.

* Saudi Arabia's position on cryptocurrencies: Although there is no complete ban on trading cryptocurrencies in Saudi Arabia, regulators generally warn about the associated risks and focus on financial stability.