Stellar founder Jed McCaleb finally managed to run out of XRP holdings after 8 years of leaving Ripple. McCaleb, who left Ripple after some disagreements with Ripple, left the company with a very heavy compensation after this separation. McCaleb, who has been selling XRP regularly after the past 8 years, has no more XRP to sell.
SourceFormer Ripple Co-Founder Jed McCaleb Sold All His XRPs
Jed McCaleb, co-founder of Ripple, has been actively selling his XRPs since he left Ripple. Jec McCaleb, who received harsh criticism especially with his sales in fragile market conditions, sold 9 billion XRP.
McCaleb, who accelerated XRP sales especially at the end of 2020, is also held responsible for the decrease in the price of XRP. At this point, this criticism is not entirely unfounded. So much so that McCaleb’s XRP wealth (9 Billion XRP) corresponds to 10 percent of XRP’s supply. This is an amount that can have a huge impact on XRP’s price performance when used continuously for sale. However, joy was shared by the community after the assets in McCaleb’s wallet were depleted.
On the other hand, the 17 percent increase in XRP in the last week did not go unnoticed.
