XRP Community Rallies as Strange Trump Message Appears in Ripple’s 500 Million Escrow Release

American blockchain company Ripple released 500 million XRP from its escrow on January 1. The transfer is in line with its monthly strategic XRP unlock, which is intended to help control the coin’s supply.

However, this month’s release came with a mysterious message in the transaction memo pointing to a bullish factor that could propel the price of XRP to new heights. But, what does this message say?

Trump’s Inauguration Reminder Cited in Transaction Memo

A prominent member of the crypto community, known as Brett on X, noticed the message and shared it with the community.

The post, which has been seen by over 65,000 people, created a buzz with anticipation of what is to come. The memo reads,

“January 20th is around the corner. Donald Trump will be in the WH, and we are going to make crypto great again!”

While it is not certain who added the message in the memo, it represents a belief in the XRP community of a favorable administration under Trump which could lead to a massive pump in the XRP price.

Ripple Not Behind the Message?

For the unversed, a memo is an extra message attached to a blockchain transaction to help identify the sending party and can be used as a means of communication between users. It is also used when multiple transactions are sent to the same address to identify each purpose.

Meanwhile, a community member reacted to Brett’s post on X, giving clarity about how a memo can be created. According to him, Ripple might not have written the message on the memo as anyone could add any message to escrow transactions.

“Just a heads up, when an escrow is ended if the process isn’t automated (by paying in advance a reserve fee) anyone on the ledger can initiate the escrow finish function as a transaction and append any message to the transaction, not necessarily Ripple,” he said.

Significance of January 20

January 20 has been marked by the entire crypto industry as a day when a crypto advocate would take office. Precisely, Donald Trump would be inaugurated on this day.

During his campaign, Trump emphasized his plans for cryptocurrency when he takes office. He promised to make the U.S.A. the centerpiece of crypto and blockchain innovation.

Creating a friendly environment could help digital assets thrive under his administration and XRP is positioned to benefit from this if it happens.

Another major event for January 20 is the change in leadership at the Securities and Exchange Commission (SEC). Chairman Gary Gensler announced his resignation, effective on this date, and would be replaced with a crypto-friendly figure, Paul Atkins.

Pundits have guessed that the Ripple vs SEC lawsuit might be dismissed under his watch. This case has been one of the major suppressants of the XRP price movement over the years. If the case is dismissed, it could create the base for unimaginable rallies to new heights according to experts.

XRP Price Reacts

Meanwhile, the frenzy behind the mysterious message in Ripple’s escrow release ignited a rally in the XRP price. According to on-chain data, XRP is up by 12.27% at the time of writing to trade at $2.38.

Moreover, its one-day trading volume skyrocketed by 139% to $10.8 billion, signifying increasing activities surrounding the coin. XRP still occupies the 4th position on the global crypto market chart with a live market cap of $136.4 billion.

How far will the XRP price rally? Will the January 20 events and the mysterious memo message play a key role in XRP’s ascent to new heights? Only time will tell.