100 million XRP units (worth $26.3 million) moved to the wallet of Jed McCaleb, one of the founders of Ripple.

The same person who also founded the Mt. Gox, which at one time was one of the largest trading platforms for Bitcoin before it was hacked and declared bankruptcy completely, but before that, “McAleb” had come out of it unscathed and founded the Ripple project and then Stellar.

Who is Jade McCaleb? And what is the story of his founding of Stellar Network and the XLM digital currency?

According to the alert referred to in Tweet By one of the accounts specialized in tracking whales and the movement of their operations.

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The account recently indicated that a huge amount of Ripple was transferred to the “Jed McCaleb” account.

For the record, “Jed McCaleb” owns 9 billion XRP after leaving it, to be handed over to it in batches

Assuming he doesn’t sell more than 520,000 XRP units annually, but that was in 2014.

Because right now, McCaleb has the ability to sell 750 million XRP units in a year.

That’s 500,000 XRP units per day, according to Coinmetrics.com.

Mr. McCaleb can make things worse for the Ripple currency if he decides to sell on a daily and continuous basis, which would flood the currency completely, more than it is now as he struggles to maintain its total market value estimated at 11.2 billion dollars within the top ten currencies.

Jed McCaleb can be compared to Ripple’s Satoshi Nakamoto, as he owns a large amount of XRP and has a huge ability to influence the currency market.

When Ripple reached its peak (2017), Jed McCaleb had $32 billion.

However, at the moment, with the decline of the Ripple currency to $ 0.25, what “McAleb” owns has decreased to $2.25 billion.

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For beginners: What is the difference between Ethereum (ETH) and Ripple (XRP)?