$XRP $DOGE A recent rumor making waves on social media claimed that Elon Musk—CEO of Tesla and SpaceX—was planning to buy $50 billion worth of Ripple’s XRP at an astronomical price of $600.37 per coin. The claim, though entirely unverified, sparked excitement among XRP holders and the wider crypto community.
The speculation appears to have originated from a user named “CryptoGeek” on X (formerly Twitter), who alleged that Musk was shifting focus from Dogecoin to XRP. The post quickly went viral, driven more by hype than facts. Notably, no official statements, screenshots, or credible sources have linked Musk or his companies to any XRP purchase.
In reality, there is no indication—public or private—that Musk or any associated entity has made such a move. In fact, Musk’s ongoing support for Dogecoin makes this claim even less plausible. Ripple Labs, the company behind XRP, has also made no comment suggesting any connection to Musk.
As of now, XRP is trading at around $2.14, and its price action shows no unusual surge—further suggesting the rumor had little impact among informed investors.
Bottom line: The claim that Elon Musk is buying $50 billion in XRP is baseless and false. Investors should stay alert and rely only on verified news, not viral social media rumors.
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