Recent data has shown that Jed McCaleb, the co-founder and formal CTO at Ripple, now has less than 100 million XRP in his wallet.
McCaleb’s XRP sales can be monitored via XRP Scan.
According to the data provided by the platform mentioned above, Jed McCaleb now has a total of 96,199,253 XRP in his wallet.
We Are On Twitter: Follow Us
The information found on the website monitoring his sales revealed that he has consistently been selling XRP tokens in his wallet since the 28th of May 2022. The data also shows that he has sold the sum of 7,335,966 XRP today 27th of June 2022.
Depending on how quickly he sells the XRP tokens left in his wallet, he could run out of XRP in less than 30 days. The first option requires him to sell 3,718,395 XRP every week, the second option says he can sell 4,033,827 XRP on average every month, and the third requirement is possible if he sells 3,523,447 XRP on average every three months.
Read Also: Ripple Co-Founder Jed McCaleb Has Sold About 500 Million XRP In 2022. Here’s His Wallet Balance
Jed McCaleb started working on Ripple back in 2011 and was part of the founders when it launched in 2013. But later abandoned the project in 2014 to work on Stellar Lumens (XLM).
When departing the company, he was awarded about 9 billion XRP tokens for developing and co-founding OpenCoin, which was later rebranded as Ripple.
McCaleb received the whopping funds on a fixed schedule and made it clear that he plans on selling all the funds. Since then, he has been selling the tokens from time to time. And this year alone as aforementioned, he has sold a total of 499.5 million XRP tokens worth $192.4 million at current prices.
Follow us on Twitter, Facebook, Telegram, and Google News
The cryptocurrency market is exhibiting a strong bullish tendency, with Bitcoin (BTC) and Ethereum (ETH)…
As the XRP price falters, investors are beginning to find other options. Recent shifts in…
With cryptocurrency adoption on the rise, digital assets are becoming integral to global finance. For…
Crypto market analysts have made bold assertions about the potential of FX Guys ($FXG) to…
The surge of interest in meme coins continues unabated as new digital assets promise phenomenal…
XRP price has hit resistance after a recent rally, with several crypto enthusiasts attributing this…