Recent rumors that Elon Musk intends to purchase XRP for $50 billion have sparked lively discussions on social media, but these claims have been disproven.
What Sparked the XRP Purchase Rumors
The rumors about Musk's potential deal with XRP began with a post from an X user named CryptoGeek. The post claimed that Musk expects XRP to reach a price of $600.37 per coin. The message quickly went viral among crypto enthusiasts, particularly within the community known as 'XRPArmy.'
Fact-Check: Debunking the Claims
However, as revealed by fact-checking service Perplexity AI, the claim about Musk's offer to buy XRP is not accurate. Comments noted that there are no official statements from Musk, Ripple, or X to support this. Additionally, CryptoGeek failed to provide any evidence, raising doubts about the authenticity of the post.
Analysts' Warnings for Investors
Analysts urge investors to remain skeptical about unverified social media posts. Until Musk or Ripple confirms any involvement, the rumors remain unsubstantiated speculations.
Rumors regarding Elon Musk's purchase of XRP have turned out to be nothing more than empty claims, and if analysts are correct, investors should be cautious and not succumb to emotions amid unverified information.
