#breakingnews

Here’s the latest on whether Elon Musk is buying $50 billion in XRP:

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🧠 Fact Check Summary

The viral claim stems from a June 10 social media post by a user named “CryptoGeek” on X (formerly Twitter), stating Musk offered to purchase $50B of XRP at $600.37 per coin .

No official statements or confirmations from Elon Musk, Tesla, SpaceX, or Ripple support the claim .

Bitcoin and XRP prices remain stable (~$2.14), showing no market movement typical of such a massive acquisition .

Fact-checkers (e.g., Crypto Times, Binance, AInvest) all conclude the rumor is flat-out false .

👉 Verdict: This is an unsubstantiated rumor—no credible evidence to back it.

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(This YouTube clip shows the viral claim, but notably lacks any verification or credible sources.)

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💡 What to Watch Out For

Lack of proof: No images, official memos, tweets, or filings support Musk’s alleged involvement.

Crypto context: Elon Musk has historically promoted Dogecoin, not XRP .

Price action speaks: XRP’s stability during the rumor suggests there was no real buying.

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✅ Bottom Line

At present, there is no evidence that Elon Musk is buying $50 billion of XRP. The claim is false—likely a piece of viral hype. Always prioritize confirmed sources and price signals over social media rumors when evaluating crypto news.

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