A rumor is spreading that Saudi Arabia, led by Mohammed bin Salman (MBS), is backing the meme coin $PEPE to reach $1—but is it true?
Where Did This Rumor Start?
A post on X (Twitter) claimed MBS is supporting $PEPE, but there’s no proof. Saudi Arabia’s huge investment fund focuses on big projects, not meme coins.
Does Saudi Arabia Even Care About $PEPE ?
The country is cautious with crypto and prioritizes economic stability. Unlike Elon Musk with Dogecoin, there’s no sign MBS is hyping $PEPE.
Could Saudi Arabia Invest in Crypto?
Possibly, but if they do, it would likely be in stablecoins or a government-backed digital currency—not a meme coin.
Final Verdict: Just a Rumor!
There’s no real evidence that Saudi Arabia is backing $PEPE . This seems like social media hype to pump the price. Saudi Arabia has bigger priorities, like building NEOM and reshaping global trade.
What do you think—just a rumor or something bigger? Comment please..
