Rumors about Elon Musk purchasing $50 billion worth of XRP, Ripple’s cryptocurrency, have spread rapidly online. The claim originated from a social media post by CryptoGeek, which suggests that Musk aims to buy XRP for $600.37 per coin. 
BREAKING: Elon musk OFFERS to BUY XRP for $50 BILLION!! $600.37 PER XRP pic.twitter.com/4xeMtTxWZo — CryptoGeek (@CryptoGeekNews) June 10, 2025. The claim has been refuted by fact-checking sources. Perplexity AI, a leading AI assistant for fact checking, stated that there is no evidence to support the rumor. Additionally, CryptoGeek’s claims regarding Musk’s tweets and potential partnerships lack verifiable sources. While social media speculation fueled the rumour, analysts highlight the importance of being wary of unverified posts until official statements from either Musk or Ripple are made. The absence of supporting documentation further fuels this sentiment.