Renowned tech magnate and owner of the X app (formerly known as Twitter) Elon Musk, recently got more attention than usual with a new post on X. His post was in reply to a clip from his recent conversation with Benjamin Netanyahu, the Prime Minister of Israel, during his visit to San Francisco.
In the video, Musk poked fun at the adage, “History is written by the victors,” suggesting that it was true unless the enemies were alive and had enough free time to edit Wikipedia. The post triggered reactions from the XRP community.
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XRP Enthusiasts React
In response to Musk’s post, numerous members of the XRP community shared their thoughts, pointing out that Ripple had a victory in the ongoing lawsuit between Ripple and the United States Securities and Exchange Commission (SEC).
Ripple emerged victorious this year when Federal Judge Analisa Torres handed down a pivotal ruling, asserting that XRP sales executed by Ripple on the secondary market should not be classified as securities, while institutional XRP sales should.
To Ripple and the XRP community, this ruling was a significant victory, and this showed in the price surge XRP enjoyed on July 13.
Prominent community member XRPcryptowolf (@XRPcryptowolf) replied, pointing this victory out. He said, “History is written by the victors. Ripple and the XRP community defeated the SEC”
History is written by the victors. Ripple and the XRP community defeated the SEC 😂
— XRPcryptowolf (@XRPcryptowolf) September 19, 2023
The Elon Musk Effect
The XRP community has been actively trying to get Elon Musk’s attention. The reason is that Elon’s attention can push up a cryptocurrency’s price. Despite their efforts, Musk has remained loyal to only Dogecoin (DOGE).
The attention he gave Dogecoin drove it to its all-time high in 2021, and most people believe he still has power over Dogecoin’s movement. Elon once stated that he wanted to be the first DOGE trillionaire, and he has stayed loyal to his meme coin.
Read Also: Ripple President Reacts to Proposal On How Twitter Can Leverage XRP to Pay Content Creators
His attention has had similar effects on GameStop. He caused the company’s stock price to surge, and this effect was dubbed the “Elon Musk effect.” More recent examples include Musk’s posts about various crypto assets and the posting of memes, both of which triggered substantial price surges. These instances include multiple AI-related cryptocurrencies and the LADYS meme coin.
It makes sense that the XRP community would want some of this attention for their preferred cryptocurrency, considering the price surge it could bring. It will be interesting to see if Elon turns toward XRP in the future.
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