Elon Musk Really Buying $50 Billion Worth of Ripple’s XRP?
A viral claim making rounds on social media suggests that Tesla and SpaceX CEO Elon Musk plans to buy $50 billion worth of Ripple’s XRP. According to the rumor, Musk would purchase XRP at an astonishing price of $600.37 per coin—hundreds of times higher than its current market value. This sparked a wave of excitement among XRP holders and the broader crypto community.
📌 Where Did the Rumor Start?
The claim originated from a post by a user named “CryptoGeek” on X (formerly Twitter), who alleged Musk was shifting focus from Dogecoin to XRP. The post quickly gained traction, with thousands of shares, reactions, and speculative follow-ups.
Yet, there are no archived tweets, official statements, or any public comment from Musk or his team to support the idea. On the contrary, Musk has long maintained his support for Dogecoin and has never publicly expressed interest in Ripple or XRP.
🚫 No Official Offer or Confirmation
There has been no official confirmation from Elon Musk or any affiliated entity suggesting a $50 billion XRP purchase. Ripple Labs, the company behind XRP, has also made no statements validating the rumor.
Given Musk’s high-profile history in the crypto world—particularly with Dogecoin—any move of this magnitude would likely involve public filings or formal disclosures. None exist.
📉 XRP Price Shows No Spike
Despite the buzz, XRP’s market price has stayed relatively stable. As of the latest update:
Price: ~$2.14
Daily high/low: $2.20 / $2.09
Change: –0.02%
The lack of any major price movement further underlines investor skepticism and the baseless nature of the rumor.
✅ Bottom Line
There is no truth to claims that Elon Musk is buying $50 billion worth of XRP. The rumor appears to be another case of speculative hype with no foundation in fact. Investors are urged to stay vigilant, avoid reacting to unverified social media posts, and always rely on credible, well-sourced information.