- Rumors that Elon Musk planned to invest $104 billion into XRP went viral in June 2025.
- Leading crypto outlets have confirmed there is no evidence of any Musk investment or endorsement of Ripple’s token.
- Experts caution investors to verify information carefully, as celebrity-linked rumors frequently resurface in crypto markets.
A wave of speculation swept through the cryptocurrency market, suggesting Tesla and SpaceX CEO Elon Musk was planning an unprecedented $104 billion investment in Ripple’s XRP token.
The rumor ignited heated debates across social media and fueled significant price volatility for XRP. However, reputable industry sources have since debunked the claims, revealing no evidence to support them.
The Origins of the Musk-XRP Speculation
The rumors 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, amplified by viral tweets and algorithm-driven content feeds. XRP’s price briefly surged as retail traders speculated on the possibility of Musk’s entry, reminiscent of his past market-moving comments on Bitcoin and Dogecoin.
Also Read: Ripple’s New Banking Move Could Be a Major Boost for XRP – Here’s What’s Happening
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.
Furthermore, Musk has not publicly endorsed Ripple or XRP in any recent statements or posts on X.
“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 reported.
The $104 Billion Figure: A Recurring Crypto Hoax
Experts suggest the eye-catching $104 billion figure likely originated from recycled rumors or misinterpreted social media commentary dating back to speculative discussions around Musk’s crypto interests in 2021-2022.
These types of unfounded stories often go viral in the cryptocurrency space due to the influence of celebrity names and a lack of reliable information.
Crypto analyst David Lawant told The Block that rumors connecting Musk to XRP are not new: “Since 2020, there have been repeated false claims about Elon Musk endorsing or planning to buy XRP. These stories tend to re-emerge during periods of market uncertainty or when XRP shows significant price movement.”
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. As industry veterans note, rumors involving celebrities and large capital inflows often prove baseless but can still drive dramatic short-term market reactions.
According to a recent Chainalysis report, misinformation in crypto markets costs retail investors billions annually through price manipulation and panic buying or selling.
Investors are urged to verify claims through primary sources such as regulatory filings, company announcements, or established news organizations.
Also Read: Pundit Says What Ripple’s Banking Move Actually Means for XRP Might Shock You
