XRPScan Shuts Down Elon Musk XRP Ownership Claims

Not every account or wallet address that bears the name of a particular person, especially public figures like Elon Musk, actually belongs to the said person. XRPScan explained this earlier to an XRP enthusiast.

What if it’s Not Elon Musk?

X user @UniverseTwenty shared a screenshot of an XRP account summary that supposedly belongs to the user “Musk”. The account, which was activated on November 25, 2013, contains 16.78 million XRP. This holding is valued at approximately $9.96 million. One unit of XRP is currently trading at $0.5935, corresponding with a 3.79% drop in the last 24 hours.

The X user immediately came to the conclusion that Tesla boss Elon Musk is the owner of the 16.78 million XRP. However, XRPScan responded to the post, stating that it was highly unlikely that it is Musk’s account. It further explained that anyone could claim a username, an email address or even a domain name if they are early enough. On this ground, it seems rather hasty to conclude that the XRP account belongs to the billionaire.

Highly unlikely this is Elon’s account. Just as anyone could claim [email protected] or https://t.co/YGotGysSXS if they were early enough.

— XRPScan (@xrpscan) July 23, 2024

Additionally, Musk is a core lover of cryptocurrencies and he is quite vocal about his stance. This is quite evident in how he parades dog-themed memecoin Dogecoin (DOGE) and even Bitcoin (BTC). But there has never been a time when he hinted that he is a fan of XRP.

Musk May Attend Bitcoin Conference

Correspondingly, for the last few weeks there have been speculations about Elon Musk attending the upcoming 2024 Bitcoin Conference event along with Donald Trump. It all started with David Bailey, the CEO of Bitcoin Magazine, hinting towards a “breaking the internet” update which had to do with Musk and Trump.

FOX Business reporter Eleanor Terrett picked up the hint, noting that Musk’s friendship with Donald Trump, and his love for Bitcoin makes his attendance plausible. She also highlighted the growing significance of the event as well.

Musk fueled the speculations further when he landed in Tennessee on July 21. The Bitcoin Conference is scheduled to take place between July 25-27. The intrigue deepened when he changed his profile picture on X to one with laser eye. The laser eye is a popular symbol within the BTC network.

While he did not directly clear speculations of him attending the event, Musk mentioned that “Grok is being trained in Memphis.”

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