Recent rumors suggesting that Elon Musk planned a $104 billion investment in XRP have stirred discussions in the cryptocurrency community. However, leading publications have disproved these claims, confirming the lack of evidence.
Origins of Musk-XRP Rumor
The speculation began in early June 2025, when several social media influencers and news outlets started circulating headlines alleging that Musk intended to acquire a massive XRP position. Some posts cited supposed 'insider information' or claimed leaked documents hinted at Musk’s plans to integrate XRP into Tesla's or X's (formerly Twitter) payment infrastructure. These allegations quickly gained traction amidst viral tweets and algorithm-driven content feeds.
Fact-Checking the Claims
Reputable publications, including Crypto Times and CoinDesk, moved quickly to investigate the viral claims. After a thorough review, no SEC filings, official press releases, or credible financial disclosures were found indicating any Musk investment in XRP. Musk has not publicly endorsed Ripple or XRP in any recent statements. Crypto Times reported: 'There is no official confirmation, filing, or credible report that Elon Musk is investing $104 billion or any sum remotely close into Ripple’s XRP.'
The Importance of Verifying Sources
This incident highlights the need for investors to remain cautious and seek credible sources before acting on viral crypto news. Misinformation in crypto markets can lead to significant financial losses due to price manipulation and panic buying or selling. Investors are encouraged to verify claims through primary sources such as regulatory filings or established news organizations.
The rumors of Elon Musk’s alleged investments in XRP serve as a reminder of the importance of verifying information sources in the cryptocurrency space. Investors must remain vigilant and base their actions on verified facts and official sources.
