Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: Malam90 on January 06, 2021, 02:29:22 PM

Title: Ripple co-founder Jed McCaleb sold $400 million worth of XRP in 2020.
Post by: Malam90 on January 06, 2021, 02:29:22 PM

Ripple co-founder Jed McCaleb appears to have enjoyed a prosperous 2020, having sold more than $400 million worth of XRP over the last 12 months. Stellar CTO and Ripple architect Jed McCaleb cashed out a whopping $411 million in XRP in 2020, according to an updated report from blockchain analytics account Whale Alert.

McCaleb sold 1.2 billion XRP throughout the year at an average price of $0.34 per coin — amassing close to half a billion dollars. The sum reportedly represents 27% of McCaleb’s XRP stash that is held in a settlement account with Ripple Labs, and marks a sharp acceleration of his sales to date. He sold roughly one billion XRP in the five years between 2014 and 2019. Source Link (https://cointelegraph.com/news/ripple-co-founder-jed-mccaleb-sold-400-million-worth-of-xrp-in-2020)