Did Saudi Arabia really invest in currency #PEPE ?

Rumors on social media: Rumors have spread on platform X (formerly Twitter) claiming that Saudi Crown Prince Mohammed bin Salman supports the PEPE currency with the aim of raising its price to one dollar.

* No official evidence: There is no official statement or reliable news report from Saudi government sources or major investment institutions confirming this investment.

* Saudi investments in technology: The Kingdom of Saudi Arabia is currently focusing on massive investments in areas such as artificial intelligence, infrastructure, and major projects like NEOM. Investing in a meme currency with high risks like PEPE seems inconsistent with these strategic directions.

* Saudi Arabia's stance on cryptocurrencies: Although there is no complete ban on trading cryptocurrencies in Saudi Arabia, regulatory authorities generally warn about the associated risks and focus on financial stability.

Conclusion:

The claim that Saudi Arabia invested in the PEPE currency appears to be just a rumor that spread on social media to create a buzz around the currency. There is no reliable evidence supporting this claim. It is likely that Saudi Arabia's investments in the cryptocurrency sector, if any, will focus on more stable assets that align with its goals.