Ripple Officially Confirms That Jad McCaleb Has Sold His XRP
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Answer Ripple Officially Confirms That Jad McCaleb Has Sold His XRP
Ripple has officially confirmed that Jad McCaleb, one of the founders of Ripple, has sold his entire holdings of the XRP cryptocurrency.
Ripple CEO Brad Garlinghouse wrote on Twitter that Judd McCaleb’s wallet had emptied XRP.
Before Garlinghouse’s statement, social media users began discussing McCaleb finally emptying his wallet on Sunday after eight years of continuous selling.
The American entrepreneur received 9 billion XRP in 2012 along with two other founders.
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After exiting the company in June 2013, McCaleb said he would start selling his XRP as soon as possible.
In the end, he reached an agreement with Ripple to liquidate the remaining coins based on daily trading volume.
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Most of McCaleb’s sales came after the SEC took the company to court over illicit XRP sales.
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