• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
XRP price

Ripple Moves Out Of Character With Unscheduled 400 Million XRP Unlock, What’s Going On?

Scott Matherson
by Scott Matherson
1 year ago
·
Posted in Ripple, XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ripple has sparked the curiosity of members of the XRP community following a transaction involving its escrowed XRP tokens. Specifically, the timing of the transaction and the memo contained in it have caused these community members to ask questions about what could be happening.

400 Million XRP Unlocked From Ripple’s Escrow

The on-chain analytics platform Whale Alert brought the transaction to the community’s attention when it reported that 400 million XRP had been unlocked from the escrow account. While it is not unusual for the crypto firm to carry out such transactions, the timing is surprising since Ripple unlocks these tokens at the beginning of every month. 

Related Reading: Bitcoin Outflows From Exchanges Rise To 8-Month Highs – Will BTC Rise To $60,000?

Interestingly, a particular X user (Off Escrower) suggested that Ripple didn’t initiate the transaction themselves as he claimed responsibility for it. He also hinted that the released funds were part of the token unlocks for February, which Ripple didn’t bother releasing at the start of the month. 

Off Escrower’s claim that he released the tokens was more surprising since many thought the escrowed funds were automatically unlocked (through a smart contract) at the beginning of every month. Off Escrower clarified that a smart contract isn’t responsible for the unlocks and that someone had to execute the transaction whenever the time came to release the funds. 

In a subsequent X post, he suggested that anyone could initiate the transaction. “Execution of an escrow that has fulfilled its condition is decentralized away from all parties so that any party can execute the escrow.” Off Escrower claimed. 

Bitcoinist had previously reported how anyone can initiate an EscrowCancel or EscrowFinish transaction when the necessary conditions are met. Therefore, there is the possibility that Off Ecrower’s claims are true and that Ripple didn’t initiate the transaction. 

A Memo Included In The Transaction

On-chain data also showed a memo which was included in the transaction. The memo read, “February escrow was not executed? Hmm. !!TRWBT!! Welcome back, Hodor!! John Deaton!!” Off Escrower claimed to be responsible for this memo, adding that anyone who releases the escrowed funds can include a memo in the transaction. 

Related Reading: This $30 Billion Investment Firm Has Added Bitcoin Exposure For Its Clients

It is not unusual for a memo to be included in these escrow transactions. It was very common early when Ripple had just implemented the escrow system. Meanwhile, the mention of John Deaton in the memo is believed to be alluding to the lawyer’s recent decision to run for Congress. 

Deaton, well-known in the crypto community, will run against outspoken crypto critic Senator Elizabeth Warren for the Massachusetts Senate seat. Deaton is also known to be a long-term critic of Warren and once described her as the “single biggest threat to Crypto in the United States.

XRP price chart from Tradingview.com (Ripple)

Token price recovers above $0.5 | Source: XRPUSD on Tradingview.com
Featured image from Finbold, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Scott Matherson

Scott Matherson

Follow

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Full Profile

Related Posts

XRP Ledger news

XRP Ledger Activates On-Chain KYC/AML In Major Upgrade

3 hours ago
XRP

Coinbase Wallet Shows Massive XRP Cuts, What’s Going On?

14 hours ago
SEC Ripple XRP

Crypto Expert Says Something Big Is Coming For XRP, Why The October 18th Date Is Important

17 hours ago
Ripple

Ripple Vs. SWIFT Battle Heating Up As Exec Lands Major Blow To XRP

18 hours ago
emirates-crypto-pay-xrp-billets-avion-2026

Crypto et aviation : Emirates choisit le XRP pour 2026

1 day ago
Ripple news

Ripple–Thunes Deal Targets Faster Payments Across 7 Billion Accounts

1 day ago

Premium Sponsors

Press Releases

  • mining

    6 Most Reliable Crypto Mining Software to Help Miners...

    9 minutes ago
  • MemeCore...

    6 hours ago
  • XRP is expected to break through $7. APT Miner helps...

    13 hours ago
  • miner

    Expectations of a Federal Reserve rate cut and demand for...

    17 hours ago
  • miner

    BlackRock suspends XRP listing, price faces resistance...

    17 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.