BitXLanka.Com- Sri Lanka Bitcoin & Crypto Currency Tracker logo BitXLanka.Com- Sri Lanka Bitcoin & Crypto Currency Tracker logo
Cryptoknowmics 2022-05-28 05:48:31

Ripple Co-Founder Jed McCaleb Sold Over 450 Million $XRP so Far This Year

According to statistics from XRP Ledger explorer XRPScan, Ripple co-founder Jed McCaleb has sold over 450 million $XRP tokens this year and still retains roughly 220 million tokens in his “tacostand” wallet. McCaleb is claimed to have begun working on Ripple in 2011 and was a member of the company’s founding team when it launched in 2013. He left it in 2014 to work on Stellar (XLM), although he was rewarded with 8 billion XRP tokens for his role in designing and launching OpenCoin, which was then rebranded to Ripple. The entrepreneur receives the monies on a regular basis and has stated on XRP Talk, a forum for XRP investors and supporters, that he intends to sell the funds he receives after donating a portion of them to charities such as Give Directly, Literacy Bridge, and others. He has been selling XRP on a regular basis since then. McCaleb has sold 464.8 million XRP tokens so far this month, worth roughly $181 million at the time of writing. The cryptocurrency is currently trading at less than $0.40, having lost about 60% of its value in the last year as part of a wider cryptocurrency market sell-off. It’s worth noting that McCaleb’s big XRP sales continued even after the cryptocurrency suffered a major sell-off last year as a result of the SEC’s lawsuit against Ripple Labs. Ripple and two of its executives are accused of “raising over $1.3 billion through an unregistered, ongoing digital asset securities sale,” according ...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.