Ripple co-founder has sold 150.7 million XRP in the past 3 weeks
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Answer Ripple co-founder has sold 150.7 million XRP in the past 3 weeks
Jed McCaleb – who founded Ripple Labs with Christopher Larsen in 2012 and was the company’s first CTO – has sold 150.7 million XRP of his inventory in the past three weeks.
McCaleb currently has 590 million XRP left in his tacostand wallet.
McCaleb continues to offload his XRP after receiving 291 million XRP:
According to the platform “XRPscan”From June 21 to date, McCaleb has withdrawn 150.7 million XRP and sent it to the exchanges to be sold.
This amount constitutes the equivalent of $98,169,275.
For your information, McCaleb sells XRP on a regular basis, as McCaleb splits his XRP coins into separate wallets and then sells them in small transactions each week.
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Over the past three weeks, the volume of transactions decreased from 6,036,204 XRP to 4,896,458 XRP, before rising to 9,859,906 XRP.
In the past two days, McCaleb has sent 5,846,888 XRP to exchanges.
On June 7, McCaleb received XRP from his former company, worth 291,570,223 XRP.
It was one of Ripple’s regular transfers of XRP to its co-founder as part of a settlement agreement, which has been in place since 2013.
The community expects McCaleb to sell the rest of his XRP by the end of August this year.
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