Robayat Al Raji
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$XRP
$DOGE
A recent rumor circulating on social media claimed that Elon Musk, CEO of Tesla and SpaceX, planned to purchase $50 billion worth of Ripple's XRP cryptocurrency at a price of $600.37 per coin—far exceeding its current market value. This unverified claim quickly went viral, generating excitement among XRP holders and the broader crypto community. However, the rumor has been thoroughly debunked, with no credible evidence to support it.
The speculation appears to have originated from a user known as “CryptoGeek” on X (formerly Twitter), who asserted that Musk was shifting his attention from Dogecoin to XRP. The post rapidly gained traction, fueled by social media engagement rather than any verifiable facts. There are no archived posts, official announcements, or screenshots linking Musk or his affiliates to such a transaction.
Contrary to the claims, there has been no indication—public or otherwise—that Musk or any associated entity has made an offer to acquire XRP. His known preference for Dogecoin, which he has openly supported in the past, further contradicts the rumor. Additionally, Ripple, the company behind XRP, has not commented or confirmed any connection to Musk’s supposed interest.
At the time of writing, XRP is trading at approximately $2.14, with minor fluctuations typical of the market. The absence of a significant price surge reinforces the view that most investors dismissed the rumor due to its lack of substantiation.
In summary, there is no factual basis for the claim that Elon Musk is purchasing $50 billion in XRP. Investors are encouraged to remain vigilant and base decisions on verified information rather than speculative social media content.
#TrumpTariffs
$DOGE
A recent rumor circulating on social media claimed that Elon Musk, CEO of Tesla and SpaceX, planned to purchase $50 billion worth of Ripple's XRP cryptocurrency at a price of $600.37 per coin—far exceeding its current market value. This unverified claim quickly went viral, generating excitement among XRP holders and the broader crypto community. However, the rumor has been thoroughly debunked, with no credible evidence to support it.
The speculation appears to have originated from a user known as “CryptoGeek” on X (formerly Twitter), who asserted that Musk was shifting his attention from Dogecoin to XRP. The post rapidly gained traction, fueled by social media engagement rather than any verifiable facts. There are no archived posts, official announcements, or screenshots linking Musk or his affiliates to such a transaction.
Contrary to the claims, there has been no indication—public or otherwise—that Musk or any associated entity has made an offer to acquire XRP. His known preference for Dogecoin, which he has openly supported in the past, further contradicts the rumor. Additionally, Ripple, the company behind XRP, has not commented or confirmed any connection to Musk’s supposed interest.
At the time of writing, XRP is trading at approximately $2.14, with minor fluctuations typical of the market. The absence of a significant price surge reinforces the view that most investors dismissed the rumor due to its lack of substantiation.
In summary, there is no factual basis for the claim that Elon Musk is purchasing $50 billion in XRP. Investors are encouraged to remain vigilant and base decisions on verified information rather than speculative social media content.
#TrumpTariffs
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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