In a surprising and fast-spreading post on social media platform X (formerly Twitter), tech billionaire Elon Musk allegedly tweeted that the cryptocurrency Solana ($SOL ) is trading 10% higher on “avronabit.com” compared to the popular exchange Binance. The tweet reads:

“I noticed that the price of solana ($SOL )on the avronabit.com exchange is #10% higher than on binance. Don’t miss the opportunity to earn while it lasts.”

The tweet quickly gained traction, with thousands of likes and retweets in under a minute. At face value, it appears to be an endorsement of a potential arbitrage opportunity — the practice of profiting from price differences of the same asset across different exchanges.

However, the authenticity and intent behind the message have raised serious concerns.

Red Flags and Potential Scam

Several red flags suggest this tweet may not be genuine or safe to act upon:

  1. Domain Suspicion: Avronabit.com is not a widely recognized or reputable exchange. There is no significant trading history or security verification associated with the site.

  2. Tweet Authenticity: While the account in the image appears to be Elon Musk’s verified profile, it’s relatively easy to forge such tweets using image editing or fake tweet generators.

  3. Classic Scam Tactic: This mirrors previous cryptocurrency scams, where fake posts or hacked accounts promote illegitimate exchanges or schemes promising high returns.

  4. No Official Comment: As of now, there is no official confirmation from Elon Musk or X about the legitimacy of this tweet.

Expert Caution

Cybersecurity experts warn users to avoid clicking unknown links or signing up on unverified platforms—especially when led there by messages that seem too good to be true.

“Scammers often exploit the credibility of public figures like Elon Musk to bait users into risky behavior,” says a blockchain analyst at CoinSecurityWatch.

Conclusion

While arbitrage in crypto markets is a legitimate trading strategy, this particular tweet should be treated with extreme skepticism. Users are urged to verify any such claims directly from credible sources and avoid being lured into potential scams.

As always in the crypto world: do your own research, and never invest in anything just because a famous name is attached to it.

Update: Multiple reports suggest that the tweet might be fabricated or from a hacked account. Social media users should remain cautious and report suspicious content.