The cryptocurrency market rose dramatically at the end of 2017, revolutionizing the financial side of many investors and founders of cryptocurrency projects alike.

Jade McCaleb is one of the few who managed to put their projects in the top positions in terms of total market capitalization on the “coinmarketcap” website.

Jade McCaleb was one of the founders of Ripple and then left the company in 2013 to found Stellar.

But when he left Ripple, he signed a contract with her to keep 9 billion XRP units, to be delivered to him in stages so that huge dumps do not occur in the Ripple market.

There have been many allegations that McCaleb made several XRP sales recently.

Read:Venezuela’s Petro sells for half its value on LocalBitcoins

But an active XRP member put an end to these allegations, a Twitter user by the name of “LeoHadjiloizou” who identified the accounts used by Ripple to send XRP to McCaleb’s XRP wallet for sale and monitor the XRP sales graph over time, as explained in the tweet:

This is the XRP sent from rEhKZcz5Ndjm9BzZmmKrtvhXPnSWByssDv to rLkMJhSVwhmummLjJPVrwQRZZYiYQhVQ1A (the wallet that sells Jed’s XRP). When XRP gets there, it’s always sold off, so that’s how much Jed’s XRP is selling, compared to CMC’s daily volume.Tweet embed pic.twitter.com/cPZs5bD0Ap

– Leonidas Hadjiloizou November 16, 2019

According to the contract signed between the two parties, Ripple owns and maintains control of McCaleb’s XRP in 3 distinct accounts and one account in which she sold XRP via Bitstamp.

This is according to the website: XRParcade

Thus, the wallet addresses mentioned by user Leonidas are linked to Ripple and indicate the transfer of XRP from their wallets to the address that transfers McCaleb’s XRP.

The chart provided by the same user on Twitter drew attention to the XRP sale and compared it to CoinMarketCap’s daily volume.

Read:Bitcoin miners sell over 18,000 bitcoins in 10 days…Details here

Although the chart reflected similarities between McCaleb’s XRP sales and XRP volume on CoinMarketCap, a Twitter user indicated that a “huge” percentage of the total volume was fake.

XRP was sold as per the deal with Ripple and had a no-sale period between January 2019 and June 2019.

Suggesting that the XRP sales of “McAleb” did not live up to a significant level that could cause market instability.

Leonidas added:

…a huge percentage of the total volume is fake.

I wanted to check if sales were calculated based on a different metric, such as market cap size.

Read:Beware… Customer Complaints On HitBTC Platform Rise For Various Reasons

The graph doesn’t seem to indicate that anything has changed.

After reviewing some details from the contract concluded in February 2016 demanded Ripple management from McCaleb donated 2 billion XRP and indicated that despite retaining ownership of 5.3 billion XRP, Ripple will control its issuance.

According to some data, the co-founder managed to sell half of the XRP he received, which is around 4.5 billion XRP units.

Read also:

Investing in Crypto: Basics you need to know and take into consideration

Ripple is accused of publishing false data about the “Swift” money transfer service