Rumors are swirling that Saudi Crown Prince Mohammed bin Salman is secretly accumulating $ PEPE, a popular meme coin, with some speculating he's aiming to drive the price to astronomical levels. However, there's no concrete evidence to support these claims. Let's break it down:
- ๐ No Official Confirmation: No statements from Saudi authorities or entities confirm MBS's involvement with $PEPE.
- ๐ Lack of Credible Sources: Reputable news outlets haven't reported any connection between MBS and the meme coin.
- ๐ No Blockchain Evidence: There's no visible accumulation of $ PEPE tokens in large Saudi-linked wallets.
It's essential to separate fact from fiction in the crypto space, where speculation can drive market volatility. For now, these rumors remain unsubstantiated. Notably, Saudi Arabia has made other investments, like the Saudi Central Bank buying shares of Strategy, which boosted Ethereum's price. But without concrete evidence,
$ PEPE connection to Saudi Arabia remains speculative.