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Strange Memo In XRP Escrow Transaction Leaves Community Wondering Who’s Behind It

August 1, 2023
in Crypto Updates
Reading Time: 3 mins read
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Members of the XRP neighborhood had been left shocked because of a mysterious memo on a latest escrow transaction involving 400 million tokens valued at $275 million, leaving customers perplexed in regards to the origin and particular person behind the memo. 

The Thriller Memo In An XRP Transaction

As a part of its month-to-month escrow transaction train, Ripple unlocked XRP tokens from its escrow wallets. Information obtained by Whale Alert confirmed that the agency unlocked about 1 billion tokens in 5 completely different transactions – 100 million XRP, 400 million XRP, 200 million XRP, one other 100 million XRP, and 200 million XRP.

Nonetheless, in the middle of the transaction involving 400 million tokens, a wierd memo was left by a yet-to-be-identified particular person. The eye of members of the neighborhood was drawn to the unusual incident in a tweet from standard neighborhood determine Mr. Intuitive. The influencer famous his full bewilderment relating to the memo and its content material. 

The memo learn as follows:

Sedan is now lambo, tepid jam is now sizzling jam, DAI’s rat is caught on a mouse lure. Now, Will Jeremy H’s damaged dock and hacked Twitter account be mounted? Will the celebration turn into a correct celebration? Will the revolution be televised? As a aspect, David, is the key sauce a tepid sauce or a sizzling sauce?

Whereas the memo seems to carry varied interpretations and meanings, it does refer, in sure components, to occasions within the Ripple neighborhood. The memo attracts consideration to the not too long ago compromised Twitter account of Lawyer Jeremy Hogan, which was hacked by scammers to market a faux XRP giveaway on the twenty fourth of July. The query in regards to the account comes just a few days after Hogan regained the account. 

Ripple (XRP) price chart from Tradingview.com

Token value sitting at $0.69 | Supply: XRPUSD on Tradingview.com

Members Ponder Totally different Explanations

The mysterious nature of the memo has led to members of the neighborhood conjuring up completely different interpretations of it. A cursory take a look at the handle initiating XRP escrow transactions reveals that the particular person behind the handle has been concerned in leaving messages like this since 2019. 

A comparable message was present in a Ripple escrow transaction involving 1 billion XRP on the first of April 2019 and there have been speculations that David Schwartz, Ripple’s CTO, may be the particular person accountable as Schwartz is legendary for his jokes and talent to narrate with members of the neighborhood. 

Nonetheless, essentially the most affordable rationalization is that the message could have been from somebody exterior Ripple. It’s because anybody, no matter whether or not they belong to the Ripple neighborhood or not, can provoke an EscrowCancel or EscrowFinish transaction when the required situations are met. 

Subsequently, it’s believable to imagine that the memo was initiated by a Ripple neighborhood member trying to attract the eye of the neighborhood. Nonetheless, these stay mere conjectures till an official rationalization is given. 

Featured picture from iStock, chart from Tradingview.com

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Tags: CommunityEscrowLeavesMemoStrangeTransactionWhosWonderingXRP
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