After selling billions of xrp tokens since 2014, former Ripple Labs executive Jed McCaleb has only 8.153 million xrp left. In mid-February 2021, McCaleb’s stash was expected to run dry in May of that year. However, the sale took much longer, and today’s data shows that only $26 million worth remains.
Data Shows Jed McCaleb’s Ripple Stash Near the Bottom of the Barrel With $26 Million in Coins Left to Sell
- It has been known for quite some time that Ripple Labsco-founder Jed McCaleb Jed McCaleb left the company in 2014 to start the blockchain projectsince then is known to hold billions ofxrp (XRP)Stellar.
- In February 2021, McCaleb was reportedly selling large amounts ofXRP. For example, on February 14,xrpscan.comdata showed that a McCaleb wallet named “Tacostand” sold $38 millionworth of XRPworth $22 million.
- McCaleb’sXRPstash was then assumed to be; the XRPstash was assumed to be depleted by May 2021 if sales continued at that pace. However, sales did not continue at that pace, and McCaleb still has 8.153 millionXRPstored in his wallet; XRPis worth just over $26 million.
- McCaleb is still dumpingXRP; XRPand, one observer noted, 22,007,874 on June 29, 2022. XRP was sold in three days; McCaleb When McCaleb left Ripple, he had approximately 9 billion of XRP; he held XRPand has been selling tokens ever since.
- At one point, Ripple and McCaleb reached an agreement in which the former Ripple executive mentioned locking up some of his funds to protect the XRP price from volatility. to protect the XRP price from volatility. in just one month in February 2021. McCaleb offloaded $1.22 billion worth ofXRP.
- But when the U.S. Securities and Exchange Commission (SEC) filed suit against Ripple, McCaleb suspended his “taco stand” sales for a time; in 2018-2019, the Ripple co-founder was authorized to sell $1 billionXRPper year, raised to over 2 billionin 2020. xrp.
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