A sarcastic memo appended to Ripple’s recent escrow transaction circulated as a phony sell-off notice, briefly worrying some XRP holders. The episode highlights how on-chain memos can mislead users and amplify rumors.
Ripple executed its scheduled monthly escrow unlock to start 2026, releasing 1 billion XRP in three tranches according to Whale Alert. The move is routine but watched by traders for potential supply impact.
About 4,000,000 XRP (≈$10.1M) were unlocked from escrow and moved to an unknown wallet on November 10, shortly before the expected XRP ETF debut. The unexpected recipient raises concerns about potential sell pressure around the ETF launch.