- Solana teased XRP and mentioned “589” on its social media page, which hyped up the crypto community.
- The post is most likely tied to XRP’s new interoperability feature, which also covers Ethereum, Optimism, and other chains.
Two of the largest blockchains in the world just shocked the cryptocurrency world. At midnight on Thursday (UTC), Solana (SOL) mysteriously posted a four-second clip captioned with a single word, “XRP.”
Solana Teases XRP and Fuels 589 Narrative
The move elicited excitement and speculation in Crypto Twitter (CT), particularly as Solana didn’t provide any explanation for the post. It only amplified the public’s bullish sentiment when it stated that it had signed 589 Non-Disclosure Agreements (NDAs), preventing it from discussing further details about the cryptic clip.
Many took it as a play on the magical “589” narrative of XRP, which has been the rallying cry of the crypto community. The figures supposedly represent an inevitable price target for the asset, as suggested by a pseudonymous individual on social media circles who people suspected was a Ripple insider.
Considered by many to be almost sacred or predestined numbers for the XRP community, popular personalities have even significantly fueled the narrative. One was Ripple CEO Brad Garlinghouse, who has maintained a following of 589 on X to date.
Another recent instance linking XRP to the value was a post before the New Year by Caroline Pham, former Acting Chair of the US Commodity Futures Trading Commission (CFTC) and now Chief Legal Officer and Chief Administrative Officer of MoonPay. She claimed that 589 is already coded to the asset.
XRP Launching on Solana, Ethereum, and More Chains
Currently, only a few know why Solana mentioned XRP. The management and core level teams likely hold the definitive answers, but it won’t be long before someone spills the beans. Nonetheless, there have been hints about their brewing cooperation.
Last year, there were speculations that XRP was eyeing expansion across several top market-cap chains. People also tied Solana, Ethereum (ETH), and Cardano (ADA) to the rumors.
Later, Hex Trust, a digital asset custodian, confirmed that XRP will soon be interoperable on various chains. It will enable the token to expand its use in decentralized finance (DeFi) and other market applications beyond the XRP Ledger.
Hex Trust unlocked the new capability via a wrapper, wXRP. The asset represents a 1:1 representation of XRP and is interoperable not only with Ethereum and Solana but also with Optimism (OP), HyperEVM, and more Layer 1 and 2 chains.
On March 29 this year, Hex Trust issued a notice that interested merchants can start their onboarding to XRP’s expansion, starting with Solana.
