With one emoji post, Ripple Co-Founder Arthur Britto ended a 14-year silence on X. He is recognized as a prominent developer of the XRP Ledger, and his reappearance took the crypto world by surprise. The mysterious tweet raised expectations of future XRP events. The value of XRP increased by 8 percent in 24 hours.
Key-Takeaways:
- The XRP price increased by 8 percent after Ripple Co-Founder Arthur Britto ended his 14-year silence with a solitary post made through an emoji.
- Secretive in nature, there have been speculations that Britto is bullish with the crypto world waiting to build their next action.
The Mysterious Ripple Co-Founder Comes Out of the Shadows
Arthur Britto is one of the most shrouded characters in crypto despite playing a pivotal role as the Ripple Co-Founder. In the year 2012, he co-founded the XRP Ledger, together with David Schwartz and Jed McCaleb. The Ripple Co-Founder never did any public interviews and presentations. There are no confirmed photos of him in the mainstream world.
The authenticity of the post was confirmed by Ripple CTO David Schwartz as soon as it was published. Schwartz also ruled out speculation of hacking or an unauthorized entry into an account of Britto. Such extreme privacy has led to speculation on who the Ripple Co-Founder is. There are even theories that he may be the Bitcoin inventor Satoshi Nakamoto.
This absence of the Ripple Co-Founder in the discourse has over 10 years of cryptocurrency development. Britto assisted in the startup of what became NewCoin or renamed OpenCoin and then Ripple Labs.
He had his last social media presence in the year 2011, when he established his X account. Ripple Co-Founder has remained silent throughout the ascendency of XRP.
The documents published on legal websites indicate that Britto participated in a lawsuit against Jed McCaleb in 2015. McCaleb was accused by the co-founder of breaching the contracts through the launch of Stellar blockchain.
The case was settled out of court on unknown terms. Ripple documents reveal that the co-founder was allocated 2 percent of all XRP tokens.
The Ripple Co-Founder Return to the Community
XRP fans saw the tweet by Britto as a bullish indicator of the cryptocurrency. This happened as XRP experienced 1.5 million-transactions within 24 hours. This became the greatest amount of transactions since the last four months. As Crypto analyst John Squire pointed out, the co-founder does not post without a reason.
This emoji caused thousands of replies and speculation chains. The members of the community argued over what the symbol of face without mouth could mean. The return of the Ripple Co-Founder was perceived as a validation of coming changes by many traders. After the first post, the price of XRP corrected an intraday low.
What Lies Ahead of XRP?
The comeback of the co-founder indicates that there are big announcements on the horizon of the XRP ecosystem. The breaking of his silence after 14 years is a sign that something important is coming up.
According to industry watchers, the timing of the co-founder follows an upsurge in network activities. This relationship between his post and sudden increase in volume transactions cannot be overlooked.
The approach to the development of XRP in its early history as depicted by Britto was rather practical than speculative. The 2013 internal memo revealed the Ripple Co-Founder considered spread of XRP more important than price.
His initial ideas were more practically inclined than market hype. The return of Ripple Co-Founder could also signal a re-shift towards the actual right utility of blockchain.
Conclusion
This re-emergence of Ripple Co-Founder Arthur Britto onto social media is a significant event in XRP. His one-emoji post was met by a lot of speculation after 14 years of silence. The timing gives a clue on what may be in the pipeline. The crypto world is now in anticipation of any future actions on the part of the elusive Britto.
