JPMorgan Rumored to Acquire 7.5 Million XRP Tokens
The rumor mill in the crypto world has been abuzz with talk about the US megabank JPMorgan clandestinely purchasing XRP tokens. The rumor, which gained momentum through reports of leaked documents, suggests that the banking giant acquired 7.5 million XRP tokens. It quickly spread through social media platforms like X (formerly Twitter), generating significant attention from the crypto community.
The Circulation and Scrutiny of the Rumor
This rumor received widespread attention after a news report claimed that JPMorgan had made the purchase, but as the speculation became more popular, it also attracted skepticism due to the lack of evidence and inconsistencies in the reported numbers. Influential figures in the XRP community, such as CryptoInsightUK, have debunked these rumors, urging investors not to be distracted by the “noise” surrounding the unverified claims.
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Reactions and Investigations
Considering that JPMorgan has its own digital currency, JPM Coin, and reportedly carries out $10 billion in daily transactions, the alleged purchase of XRP raises questions about the authenticity of the news. In a separate incident, a fake filing for a BlackRock XRP ETF surfaced on the Delaware Corporation website, prompting investigations by Delaware authorities to identify the perpetrators behind the false filing.
Hot Take: XRP’s Position in the Bank’s Digital Asset Holdings
As of now, XRP ranks third in the list of digital assets held by global banks, accounting for approximately 2% of the 9.4 billion euros invested in digital assets. This indicates that these banks collectively hold around 188 million euros’ worth of XRP tokens.
