Did Elon Musk Really Invest $104B in XRP? The Truth Unveiled
The post Did Elon Musk Really Invest $104B in XRP? The Truth Unveiled appeared on BitcoinEthereumNews.com.
In the world of crypto, few names generate as much interest—or confusion—as Elon Musk. Tesla and SpaceX CEO Musk’s Twitter posts have notoriously sent cryptocurrencies soaring or crashing, and his public musings about Bitcoin and Dogecoin are the stuff of legend. But in June of 2025, a new wave of speculation washed over the crypto space: that Musk would be investing a whopping $104 billion into Ripple’s XRP. The news spread like wildfire, causing people to discuss it, causing prices to fluctuate, and creating a flurry of social media posts. But is this rumor genuine, or is this yet another example of crypto’s rumor mill gone wild? The Beginning of the Musk-XRP Rumor The latest craziness began when certain crypto news aggregators and social handles started sharing headlines asserting Elon Musk wasn’t just interested in XRP, but was going to invest a mind-boggling $104 billion in the token. Others even cited “insider sources” or stated leaked documents suggested Musk’s intention to use XRP as the basis for his payment strategies on X (formerly Twitter) or Tesla. Musk rumors are discredited fact-checked by reputable crypto news outlets shortly after. There is no such valid information, Crypto Times says, that Musk plans or has invested in XRP. The $104 billion, in particular, appears to be a hoax, most likely stemming from previous speculations or misinterpreted tweets. “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.” — Crypto Times, June 2025 Why Do Musk Rumors Move Markets? Elon Musk’s influence on crypto markets is the stuff of legend. His tweets about Bitcoin’s energy usage, to mention just one example, have wiped out billions in market cap overnight. His fondness for Dogecoin turned a meme coin mainstream. So when rumor associates…
