Not every XRP wallet address bearing the name of a public figure like Elon Musk actually belongs to them. XRPScan recently clarified this misconception to an XRP enthusiast who mistakenly linked a high-value account to the Tesla CEO.
The Misidentified XRP Wallet
An X user (@UniverseTwenty) shared a screenshot of an XRP account summary under the username "Musk," containing:
- 16.78 million XRP (~$9.96 million at current prices)
- Activation date: November 25, 2013
- Current XRP price: $0.5935 (-3.79% in 24 hours)
XRPScan responded decisively:
"Highly unlikely this is Elon’s account. Just as anyone could claim [email] or [domain] if they were early enough."
— XRPScan (@xrpscan)
Key Reasons Against Musk's Ownership:
- Username Availability: Early adopters can claim any available name.
- No Public Endorsement: Musk has never mentioned XRP despite his vocal support for Dogecoin and Bitcoin.
- Common Naming: "Musk" alone doesn't verify identity.
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Elon Musk's Crypto Preferences
Musk's cryptocurrency engagements tell a different story:
- Dogecoin (DOGE): Frequently promoted as Tesla's payment option.
- Bitcoin (BTC): Openly discussed potential Tesla BTC transactions.
- Zero XRP Mentions: No public statements or hints about Ripple's token.
Bitcoin Conference Speculations
Recent rumors suggest Musk might attend the 2024 Bitcoin Conference in Nashville (July 25-27), fueled by:
- CEO David Bailey's "internet-breaking" announcement hint.
- Musk's Tennessee visit on July 21.
- Profile picture change to laser eyes (a BTC community symbol).
👉 Explore Bitcoin's latest price trends
FAQ: Common Questions Answered
Q: Can anyone verify XRP wallet ownership?
A: No—wallet usernames are self-assigned without verification.
Q: Has Elon Musk ever owned XRP?
A: There's no evidence he holds XRP; his crypto focus remains on DOGE and BTC.
Q: Why does the XRP community care about Musk?
A: High-profile endorsements often impact crypto prices, but false claims harm credibility.
Q: How reliable is XRPScan's data?
A: XRPScan is a trusted XRP ledger explorer, but it can't confirm wallet ownership.
Q: What’s the significance of the Bitcoin Conference?
A: Major industry event where key announcements often occur.
Q: Could Musk’s attendance affect Bitcoin’s price?
A: Historically, his public statements have moved crypto markets.
Key Takeaways:
- Username ≠ Ownership: Crypto wallets allow pseudonymity.
- Verify Before Sharing: Cross-check claims about celebrity crypto holdings.
- Focus on Facts: Musk’s crypto history shows no XRP involvement.
For accurate crypto news, always rely on verified sources and official statements.
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