Wall Street Expert Debunks XRP and Saudi Aramco Oil Tokenization Rumors, Highlights Potential 100x Altcoin
A Wall Street veteran has publicly refuted claims suggesting that XRP will be used in a partnership with Saudi Aramco for tokenizing oil. The expert clarified that recent online rumors circulating about a potential collaboration and oil tokenization using XRP are baseless. This follows increased speculation after promotional videos and misleading social media posts hinted at such a development. The false information had caused significant social media buzz and a temporary uptick in XRP-related discussions. The analyst also commented on the growing trend of real-world asset (RWA) tokenization in the crypto market but emphasized that no verifiable connection currently exists between XRP and major oil firms. Furthermore, the expert singled out another altcoin project, which is quietly gaining traction and has the potential to surge 100x in value, noting that investors should focus on projects with actual technological innovation and adoption, rather than unsubstantiated hype. For crypto traders, this serves as a cautionary reminder to verify the credibility of partnerships and news before making trading decisions.
Neutral
The news primarily serves as a clarification and debunking of unfounded rumors regarding XRP’s involvement in oil tokenization with Saudi Aramco. There is no confirmed partnership or technological integration, meaning there are no direct implications for XRP’s value or volatility based solely on this story. While initial rumors caused temporary market excitement, the expert’s rebuttal is likely to normalize trading behavior and restore stability. Such corrections are common in crypto markets, where hype-driven rallies on unconfirmed partnerships are often followed by retracements when facts emerge. In the short term, traders should expect stable to slightly corrective price action for XRP. The mention of a potential 100x altcoin could spark interest in alternative projects but lacks specifics to materially impact the broader market.