$589 FAQ
Everything you need to know about $589 — the XRP Ledger memecoin born from the BG123 prophecy. Not financial advice; always verify on-chain.
About $589
What is $589?
$589 is a community-run memecoin on the XRP Ledger (XRPL), named after the “589” prophecy from BearableGuy123’s riddles. After the original token was abandoned, holders revived it, blackholed the issuer, and now run it transparently as a community takeover (CTO).
Is $589 affiliated with Ripple or XRP?
No. $589 is an independent community project built on the XRP Ledger. It is not issued, endorsed, or operated by Ripple. It celebrates XRP and XRPL culture but is its own memecoin.
What does “589” mean?
It comes from BearableGuy123 (BG123), an anonymous illustrator whose cryptic XRP riddles — including a chalkboard reading “XRP to $589” — made the number famous across the XRP community.
What is the total supply of $589?
5,890,000,000 (5.89 Billion) — a fixed maximum. Because the issuer is blackholed, no new $589 can ever be minted.
Buying $589
How do I buy $589?
1) Get an XRPL wallet such as Xaman or GemWallet. 2) Fund it with XRP. 3) Set a trustline for the 589 token. 4) Swap XRP for $589 on FirstLedger or the xMagnetic AMM. The How to Buy page walks through each step.
What is the $589 issuer and currency code?
The currency code is “589” and the issuer address is rfcasq9uRbvwcmLFvc4ti3j8Qt1CYCGgHz. Always verify the issuer before trading to avoid imposter tokens.
Do I need a trustline to hold $589?
Yes. To hold any issued token on the XRP Ledger — including $589 — your wallet must first set a trustline to the issuer. Wallets and launchpads like FirstLedger do this in one tap.
Is there a tax on buying or selling $589?
No. $589 has a 0% transfer tax. You only pay the XRP Ledger’s tiny network fee (a fraction of a cent) and any normal DEX/AMM trading spread.
Safety & trust
Can the $589 supply be inflated or rug-pulled?
No. The issuer account is blackholed — its signing keys were permanently discarded — so no new $589 can ever be minted. Liquidity sits in the on-ledger AMM and there is no transfer tax. Everything is verifiable on-chain.
What does “blackholed issuer” mean?
Blackholing disables an XRPL account’s signing keys (the regular key is set to an unusable value and the master key disabled), so the account can never sign transactions again. For a token, that means the supply is frozen forever and can never be increased.
Is the liquidity locked?
Yes — $589’s liquidity is held in the XRP Ledger’s native Automated Market Maker (AMM) pool: on-chain, transparent, and not controllable by any single person.
How can I verify all of this myself?
Visit the Transparency page for live on-chain proofs — blackholed issuer, fixed supply, and AMM liquidity — each with explorer links, or look the issuer up directly on XRPScan.
Lore & the Arcade
Who is BearableGuy123 (BG123)?
An anonymous artist who posted illustrated, symbol-laden riddles to the XRP community (~2017–2020, and again more recently). BG123 has never officially explained any of them — every decode is community interpretation. The Lore Wiki breaks down each riddle and symbol.
What is the 589 Arcade?
A free set of lore games on this site — the daily BG123 decode, 589 Word, the Cipher Vault, 589 Hunt, Memory, Sequence, and XRP Lore Trivia — with an Arcade Level, trophies, and live leaderboards.