Okay, so letās clear the air on something thatās been flying around everywhere on crypto Twitter, Telegram groups, and probably your cousinās WhatsApp status. A wild rumor started going viral claiming that Elon Musk is planning to buy $50 billion worth of Rippleās XRP at some outrageous price like $600.37 per coin.
Sounds crazy, right? Because it is. And why
š§µ Where This Rumor Even Came From
The whole thing started with a post from a user called āCryptoGeekā on X (Twitter). They said Musk was going all-in on XRP and ditching Dogecoin, which obviously got people excited. You can imagine the reactions: XRP holders thinking theyāre about to become millionaires overnight, and DOGE fans wondering if they just got dumped by their favorite billionaire.
But hereās the problem ā thereās ZERO real evidence to support it. No screenshots. No tweets from Musk. No official statement from Tesla, SpaceX, or even Ripple. Just pure speculation and hype.
š« No Official Move from Musk
Letās be real: Elonās known for shaking the crypto market with just one tweet (weāve all seen the Dogecoin rallies). But as of now, heās said nothing about XRP. Not even a passing joke. And youād think if he were about to drop $50B into a coin, someone from his circleāor Ripple themselvesāwouldāve at least hinted at it.
Instead? Total silence.
š XRP Price Isnāt Buying It Either
Despite the massive buzz, XRPās price barely flinched. At the time of writing, itās chilling around $2.14, with just a tiny 0.02% dip. No moonshot. No crazy green candles. If people really believed this rumor, youād see some major FOMO kicking in. But the market clearly doesnāt.
š” Bottom Line
Hereās my take: Donāt fall for it. This whole āMusk to buy $50B in XRPā story is nothing but social media noise. No proof. No confirmation. Just one viral post that got out of control. And weāve seen this play out so many times in cryptoāitās practically tradition at this point.
So please, donāt base your investment decisions on hype. Always look for facts. And remember, if something sounds too good to be true in crypto, it probably is.
Stay sharp. š