Last month it was reported that Ripple co-founder Jed McCaleb was on the verge of emptying his xrp wallet, which held 81 million tokens worth $26 million. After a transaction in which 3,898,451 xrp were transferred from the address, McCaleb’s wallet is close to being empty, as only 47.6912 xrp worth $17 are stored in the wallet today.
Ripple co-founder Jed McCaleb empties his infamous “Tacostand” wallet
According to Onchain data, the xrp (XRP) wallet known as “Tacostand” is currently near empty as its owner, Jed McCaleb, appears to have transferred all of his wealth out of the wallet, and McCaleb has been working withwell known in the crypto industry as a co-founder of Ripple; he founded Rippleand left the company in 2014 to start his project; he launched Stellarin 2014; he is also the co-founder of thecompany; he is also the co-founder of the
; and he is the co-founder of the
However, it is well known that after McCaleb left, he held approximately $9 billionin XRP, which he was allowed to sell or transfer under certain withdrawal conditions.
Almost there 🌮 pic.twitter.com/SdstUD4Kzc
– Jed McCaleb (@JedMccaleb12) June 29, 2022
Jed McCaleb is estimated to be one of the wealthiest cryptocurrency influencers in the field and in 2018, McCaleb made that year’s 40th richest individual in the world, according to the Forbes Billionaires list.
McCaleb was nearing the end of hiswhen, at the end of June, when he hid his XRPand had 81 million left in his wallet, hetweetedwith a taco emoji and a picture of a restaurant called “Taco Stand” that he was “almost there.” At that time, the 81 million XRP tokens were worth $26 million. after the Ripple co-founder’s tweet on June 29, the wallet saw a largeamount ofXRPtransfers.
That day, McCaleb moved7,335,966 XRPworth $2.69 million from the wallet, and the next day, McCaleb took outanother 7,335,966 of XRP. The last recorded transaction was on July 18, 2022, for 3,898,451 ; $1.42 million worth of XRPwas removed from the infamous Tacostand wallet.
XRPtraded at prices ranging from $0.343 to $0.367 per token on July 18, making it the seventh largest current crypto market cap. Meanwhile,is up 14.1% over the past month while XRPis up 14.1% over the past month, while the year-to-date index has; XRPis down 37.1% against the U.S. dollar, while XRPis down 37.1% against the U.S. dollar. According to statistics, there areXRPin circulation; the supply of XRP is approximately 48,343,101,197, meaning that McCaleb’s stash of 9 billion tokens is equivalent to 18.61% of XRPin circulation. XRPin circulation.
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