Ripple is indeed one of those Crypto-currencies that are constantly under close scrutiny and surveillance. Its regular movement of funds never escapes the public eye thanks to crypto whale watchers such as whale alert who will be sure to report any movement as part of their constant tracking of a large number of coins.
Ripple usually does a transfer at the beginning of every month normally returning large amounts of XRP back to escrow. Ripple is authorized by smart contract to use the whole amount whenever necessary, but fortunately for them, the prices have been good to them the last several years.
Whale alert made sure to announce the movement of coins back to escrow through a tweet that read;
“841 #BTC (3,265,958 USD) transferred from #Bitfinex to Unknown wallet”
The latest movement however included a cryptic message through Ripple’s memo feature which read;
“The revolution will be televised…”
This is not the first time Ripple have used their memo feature to send out cryptic messages. Last month they wrote “Crawl… walk… run…” while referring to Ripple Labs CEO’s October 2017 Q&A session on Quora.
Ripple’s CEO Brad Garlinghouse while on an interview said;
“[I]t’s safe to say that we have to crawl before we walk before we run. This is uncharted territory for banks and payment providers, and it’s going to take time before you see broad adoption of digital assets solving this multi-trillion dollar opportunity. Suffice it to say, we are very pleased by the interest from various pilots our customers are already running.”
The latest cryptic memo is their fourth, with the first one coming in November last year which said;
“Public Service Announcement: Always avoid green eggs and ham”
This was followed up by another one in December of last year which said;
“It is fun to have fun but you have to know how.”
The January movement of funds back to escrow was not accompanied by memo though.
It is anyone’s guess what Ripple means by the “revolution will be televised”. Does Ripple view itself as an agent of change, are they referring to some upcoming live stream? It’s anyone’s guess at this point. Though Ripple do conduct occasional Q&A sessions, it’s not clear what the latest message means.
Ripple has gotten into important partnerships this year while also performing quite decently on the markets. Since XRP was listed on Coinbase, the coin is maintaining steadily above $0.32 while also boasting an impressive daily volume of over $700 million at press time. XRP’s listing on Coinbase has no doubt done well for the market prices and volumes.
Maybe the latest Ripple memo is a forecast on things to come in terms of price and daily volumes. Ripple investors will certainly wish so.
image from pexels
