Ripple has adhered to its schedule by releasing 1 billion XRP from its escrow for July. However, this month’s escrow transactions included peculiar messages that caught the attention of the community.
The transactions took place on July 1 through the Ripple 24 and 25 wallets. Interestingly, the company unlocked the 1 billion tokens in separate transactions, with one worth 500 million XRP, and the other two worth 400 million and 100 million XRP, respectively.
What made these transactions particularly intriguing was the inclusion of cryptic memos. These messages, with their mysterious codes, sparked curiosity among community members. Marty Party, a blockchain architect, highlighted this phenomenon in a post on X.
The memos subtly referenced Ripple CEO Brad Garlinghouse and prominent community member Moon Lambo. Although the exact meaning of the messages remains unclear, they contained sarcastic remarks suggesting that one day, “XRP will power the world.”
Despite Marty Party’s suggestion that a whale had “unstaked” a significant amount of XRP and left the cryptic message, it is crucial to clarify that this was simply Ripple’s scheduled escrow release for July. Furthermore, the executor of the escrow release was not responsible for the memo.
Vet, an XRPL dUNL validator, explained that anyone could create such memos because the escrow creator does not have to execute the “escrow finish” themselves. Additionally, the author of the cryptic message confirmed that it did not originate from Ripple.
Interestingly, this is not the first time such mysterious messages have accompanied Ripple’s escrow execution. A similar incident occurred during the May unlock, where the author targeted Bitcoin maximalists who frequently criticize XRP enthusiasts. The message essentially mocked the maximalists, implying that they would dismiss XRP’s value increase with a dismissive “Meh, meh, meh, wah, no XRP.”
Another notable occurrence happened in August, where the message, though still mysterious, had a more relevant context related to events within the XRP community. It seems that Ripple’s monthly escrow unlocks have become a platform to convey cryptic messages to the crypto community.
Disclaimer: This article provides information and should not be considered financial advice. The opinions expressed in this article are solely those of the author and do not reflect the views of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.