Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => XRP - Ripple Forum => Other Popular Cryptos / Coins => Ripple News & Updates => Topic started by: Btceth01 on May 03, 2021, 11:33:03 PM
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As per data provided by analytics platform Bithomp, in the past seven days, the first chief technology officer of Ripple, Jed McCaleb, unleashed 111 million XRP from his crypto wallet.
Based on this data, blockchain analyst Leonidas Hadjiloizou reckons McCaleb will be out of XRP completely by the end of the summer.
McCaleb sells 111 million XRP, receives 442 million from Ripple
Jed, who helped Chris Larsen found OpenCoin, which was later rebranded as Ripple Labs, has sent $177,045,654 worth of XRP from his "tacostand" wallet to be converted into fiat.
Last week, he sold 18.5 million XRP per day. This week, McCaleb is expected to decrease his daily XRP sales to 17,301,056 coins; that is the amount he sold on May 2 as per the screenshot from Bithomp.
Selling 15 million XRP per day on average, Jed is likely to run out of his XRP stash by September, researcher Hadjiloizou believes.
He also reminded his subscribers that on Sunday, May 2, McCaleb received another portion of XRP from Ripple Labs: 442,127,865 tokens. Source (https://cryptonews.net/605240/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)