Whiterock Crypto rises in the middle of a possible partnership with a Saudi oil giant by over 110 %
The most important thing shortly
- Whiterock (White) rose by 116 %on May 30, reached its high at $ 0.00138 and is now $ 0.00104.
- Rumors about a partnership between Saudi Aramco and Ripple flood X (formerly Twitter).
- Commercial volume increased by 500 %, open interest at all -time high, craze of speculative.
- A leaked document shows considerable warning signals (fake signature, questionable names).
- No official statement by Ripple, Whiterock or Saudi Aramco.
A mysterious deal rowses white
Whiterock (White), a small cap token in the XRP Ledger, increased by 116 % on May 30th. The maximum price was $ 0.00138 and is currently $ 0.00104. The market capitalization is now $ 780 million, and the trading volume has increased by $ 10 million. It is clearly a speculative token.
The focus of the rally is an alleged partnership between Whiterock, Ripple and Saudi Aramco. The rumor is unconfirmed, but quickly spreads to X (formerly Twitter), where crypto influencers and pseudonyms spread the story.
$WHITE KEEPS GOING UP 150% WITH NO SIGN OF STOPPING!!#BULLISH 💯 pic.twitter.com/ZPTZFA5Ty1
– Find (@finn_Creator) May 30, 2025
The contribution by user @finn_Creator gets it to the point:
“White flies to the moon. When the Saudi deal is real, this is the biggest thing since Bitcoin ETFS.
The rumor mill and a dubious document
The source of the rumor is a tweet of a pseudonamous user @amonbuy, who claims to work with Ripple and Saudi Aramco in order to tok oils. The tweet contains a leaked memo, which was signed by a Saudi official and is called “the greatest deal in the history of blockchain tokenization”.
🚨BREAKING: SAUDI ARABIAN OIL GIANT ARAMCO PARTNERS WITH $WHITE and #XRP. $WHITE and #XRP are rumoured to have just partaken in the biggest deal in blockchain tokenisation history!!!!$WHITE IS ALREADY UP 50% IN 1 HOUR SINCE THE ANNOUNCEMENT!!! pic.twitter.com/DkKD6a0zXu
— Amonyx (@amonbuy) May 29, 2025
The tweet went virally with over 254,000 views and Whiterock is now a trend on Google. Private investors come in, convinced of the greatness of the claim and the attached “official” document.
But a more precise view of the document accuses warning signals. The signatories are “Sheikh Abdullah bin Khalid al-Falih”, a name that cannot be found in any Saudi government or business directory. A reverse image search of the signature shows that it is the same as that of the Iranian actress Mahtab Keramati, so the picture could have been processed or fake with Photoshop.
Reality check: What do we know?
None of the parties involved – neither Ripple, Whiterock nor Saudi Aramco – have made an official explanation that confirms such a deal. Saudi Aramco is known for his methodical and controlled communication and has not announced an oil tokenization or partnerships with Ripple or Whiterock.
In fact, the only document is. The connection between Saudi companies and Ripple is a partnership from 2023 between Saudi Aramco and the company SBI Holdings connected with Ripple. This partnership dealt with general investments in digital assets and not about XRP, the XRP Ledger or the tokenization of oil.
Whiterock, a project that focuses on the tokenization of assets at an institutional level, was launched in March 2025 on the XRP Ledger. Although the company has connections to the Ripple ecosystem, oil-related products or partnerships with energy giants from the Middle East were not mentioned in any of its official communications.
🚨BREAKING: 🔥🔥THE BIGGEST BLOCKCHAIN DEAL IN HISTORY?!
Saudi Arabian oil giant ARAMCO has just partnered with $WHITE and #XRP — and the crypto world will never be the same. 🌍💥
💣 This could be the largest tokenization move ever made — bridging trillions in real-world assets… pic.twitter.com/6KnxHx39nt
— XRP Chancellor (@xrpchancellor) May 29, 2025
@xrpchancellor, a community member, said:
“Not an official confirmation from Ripple or Aramco. Dealer-that could be another classic crypto rumor pump. Still exciting to observe.”
Derivative frenzy and increase of the open interest
The speculation frenzy was not only limited to the spot trade. Data from crypto derivative platforms show open interest. On May 30, the ITE-Futures rose 240 % to a new all-time high of $ 998,550. This increase in the lit positions reflects the betting of the dealers on the short -term course development of the token, both in the long term and at short notice.
Some see this a speculation with low-cap token during a quiet phase on the cryptoma market. Others warn that it is a sign of the formation of a bladder that forms unconfirmed narratives, especially if this is more carried out by social media hype than by fundamental data.
Beware of the hype
Despite the excitement, experienced traders and analysts remind for caution. The crypto market has a story of rumor -driven rally, which end in sharp corrections if expectations do not occur. Since the only connection between Whiterock and Ripple is a common account and there is no concrete evidence that one of the two parties is connected to Saudi Aramco, this is a prime example of mood -driven speculation.
Dealers should be skeptical about the rise of White until a partnership is demonstrably confirmed. The token may ride on the hype for a while, but such rallies are not sustainable without real benefits or confirmed deals.
Final thoughts: feeling or substance?
The dramatic increase of Whiterock this week underlines the power of viral narratives in the crypto world. It remains to be seen whether it is a real revolution in oil token or just a well-performed funding. The market is currently based on beliefs, not on evidence. The way it looks, the latest outbreak from Whiterock is a clear memory of the fact that perception in the crypto world can often change faster than the truth.
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