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Fact Check: No, Elon Musk Is Not Buying $50 Billion Worth of XRP

Social media exploded this week over a viral claim that Elon Musk was allegedly planning to buy $50 billion worth of XRP, Ripple’s native cryptocurrency. The post, made by an X (formerly Twitter) user named CryptoGeek, quickly gained traction among XRP supporters, known online as the #XRPArmy.

XRP

Elon Musk OFFERS to BUY XRP for $50 BILLION!! $600.37 per token,”
read the original post by CryptoGeek, sparking wild speculation across crypto circles.


🤖 Fact-Check: It’s Fake

However, the rumor has been debunked.

Perplexity AI, an AI fact-checking assistant, weighed in on the viral story:

“That claim about Elon Musk offering to buy it for $50 billion doesn’t appear to be true. Fact-checking sources have confirmed this is a false rumor… with no official announcement from Elon Musk, Ripple, or X.”

There is no evidence, no screenshots, and no archived tweet confirming the rumor. The alleged post by Musk saying “#XRP is looking quite promising” also appears to be fabricated, as even the original poster, CryptoGeek, couldn’t provide any proof.


🚫 No Musk + No Ripple = No Deal

While Elon Musk is known for shaking up the crypto world—especially with Dogecoin—he has never publicly endorsed it . Nor has Ripple, the company behind the token, announced any partnership or discussion involving Musk or his companies.

Analysts and credible AI platforms are urging the community to stay vigilant and fact-check hype-driven claims, especially ones based solely on social media buzz.

“Until Musk or Ripple officially confirms involvement, this story remains nothing more than unsubstantiated speculation,” said Perplexity AI.


🔍 What to Watch

  • Always fact-check crypto rumors before acting on them.
  • Musk has a history of promoting Dogecoin, not XRP.
  • No credible evidence = No legitimacy to the $50B buy claim.

TLDR: Elon Musk isn’t buying $50B in XRP. There’s no tweet, no deal, no proof—just hype and hashtags. Stay sharp.


🌀 Alternate Article Version (Gen Z / Social-First)

Title:
No Cap: Elon Musk Isn’t Buying $50B in XRP—It’s All Hype

Meta Description:
X is wildin’. No, Elon isn’t dropping $50B on XRP or pushing it to $600. That viral tweet? Cap. No receipts, no screenshots, no proof.

Permalink:
/elon-musk-xrp-rumor-exposed-fake-crypto-tweet


Post Body:

Crypto Twitter went feral after an X user, CryptoGeek, claimed Elon Musk was about to buy $50B in XRP, pushing it to a mythical $600.37 per coin.

But let’s get real—it’s all cap.
🚫 No tweet.
🚫 No screenshot.
🚫 No receipts.

Perplexity AI already fact-checked it and said it’s totally false. Even the “Musk tweeted and deleted in 20 seconds” angle? Still no proof. Nada.

Musk’s only real crypto crush is Dogecoin, and Ripple hasn’t said a word about working with him. So if you’re aping in based on vibes—reconsider.

TLDR: The internet got played. Again. Stay skeptical, not broke.

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