$XRP

Did #intazur2004 Secretly Buy 7.5 Million XRP? Here's What We Know

The crypto rumor mills have been abuzz lately with talk of JPMorgan, a US megabank, secretly buying XRP tokens. This rumor has gained ground and in the course of its spread, has garnered the attention of the crypto community as they dissect it.

Ludicrous. Look at this quote.

"The leaked report, allegedly from an anonymous insider

w/in JPM, reveals a significant revelation-the banking giant has quietly amassed over 7.5 MXRP, representing >7.5% of its total wealth."

JPM is only worth $6.2B? It's market cap is $440B -MD INTAZUR RAHMAN (@intazur2004 ) November 19, 2023

Adding BlackRock To The Debate

The rumors have also included BlackRock showing an interest in XRP but so far, there has been no indication that this is the case. The only time that BlackRock has been heavily mentioned around XRP communities is when a fake filing of a BlackRock XRP ETF showed up on the Delaware Corporation website.

This fake filing has since been taken down and the Delaware authorities have reportedly begun their investigations to figure out the party or parties that were behind the fake filing.

XRP influencer CryptoInsightUK also took to X (formerly Twitter) to debunk the rumors of BlackRock buying the token. He referred to it as a "stupid rumor" and that it is untrue, advising investors to not be distracted by the "noise."

Although JPMorgan and BlackRock are not going in on XRP, banks all around the world are reportedly trying to tap into the potential. A new report from the Basel Committee on Banking Supervision (BCBS) revealed that the token currently ranks third in the list of digital assets held by global banks. XRP reportedly makes up 2% of the 9.4 billion euros that these banks have invested in digital assets, meaning they hold around 188 million euros worth of XRP. #intazur2004