đ¨ Fact Check: No $10B Saudi Sovereign Fund XRP Investment
Rumors are flying, but hereâs whatâs actually verified:
â
Confirmed
⢠Prince Abdulaziz bin Turki Al Saud led a $121M raise via publicly traded VivoPower.
⢠$100M (~80%) earmarked for an XRPâcentric treasury strategy:
⢠Accumulating XRP reserves
⢠Building XRPLâbased infrastructure
⢠Deploying realâworld XRP utility
â Not Confirmed
⢠No credible evidence that Saudi Arabiaâs PIF (sovereign wealth fund) invested $10B into XRP.
⢠RippleNet adoption by Saudi banks â direct $10B XRP token purchases.
⸝
đ Why the $10B Claim Is Misleading:
⢠Sovereign wealth fund rumors = unverified
⢠Princeâs $100M private investment = confirmed
⢠RippleNet tech integration = infrastructure, not token buys
⸝
đ§ Bottom Line
The only confirmed major Saudi-backed XRP move is $100M via VivoPower â not a $10B PIF allocation.
Rumors of a multibillion-dollar sovereign investment remain unsubstantiated speculation.
$XRP