Elon Musk's $104 Billion XRP Deal—Insider Truth or Viral Hoax?
- Samantha
- 8 hours ago
- 2 min read
On June 25, Crypto Times published a sensational claim that X (formerly Twitter) user “CryptoGeek” alleged Elon Musk would inject $104 billion into Ripple’s XRP, increasing earlier speculation (a false $50 billion Musk‑XRP claim).
The narrative suggests Musk sees XRP as efficient, not a security, and envisions integrating it into X’s payment system. But are there any facts behind it?
Fact Check: No Evidence, No Confirmation
No Musk or Ripple announcement, filings, or screenshots:
Reviews show no SEC filings, press releases, or archived tweets to support the claim.
Raised red flags in logic and scale:
A $104 billion investment in one crypto would eclipse Musk’s $44 billion X acquisition and blow past typical asset moves. The total lack of legal or financial disclosures makes the claim implausible.
Why the Rumor Took Off
Musk’s track record: His influence on Bitcoin and Dogecoin prices primes markets to expect more.
Echo chambers: Viral posts, AI-generated content, and scam-friendly messaging amplify such claims.
XRP’s role as a rumor magnet: A popular crypto for speculative hype.
What This Means for XRP
Price impact: Short‑lived price spikes followed by corrections are common in rumor cycles.
Community fatigue: Repeated hype makes it harder for legitimate XRP news to stand out.
Reminder to verify: This is a textbook example of why due diligence matters in crypto.
As of June 25, 2025, there is no credible evidence—no official tweet, press release, SEC filing, or screenshot—supporting any claim that Elon Musk plans to invest $104 billion in XRP.
Ripple’s XRP is designed for fast, low-cost cross-border transfers using the XRP Ledger. While XRP isn’t classified as a security in many jurisdictions (unlike some other cryptos), Musk has not publicly aligned with it—his focus remains Bitcoin and Dogecoin.