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Cryptocurrency Ecosystem => XRP - Ripple Forum => Other Popular Cryptos / Coins => Ripple News & Updates => Topic started by: Malam90 on January 19, 2021, 02:31:54 PM

Title: After 25 Day Pause, Jed McCaleb Sells 28.6 million XRP.
Post by: Malam90 on January 19, 2021, 02:31:54 PM

Ripple co-founder Jed McCaleb has resumed selling XRP with a latest sale of 28.6 million tokens from his "tacostand" wallet. In brief
Former Ripple CTO Jed McCaleb has resumed selling his XRP stash.
On January 18, he sold 28.6 Million XRP worth $8.78 million.
Last time McCaleb cashed out was 25 days ago.
Jed McCaleb, co-founder of Ripple Labs, sold 28.6 million XRP ($8.78 million) on Monday, marking his first sale in 25 days. The news was shared by crypto researcher Leonidas Hadjiloizou. Source (https://decrypt.co/54575/after-25-day-pause-jed-mccaleb-sells-28-6-million-xrp)

Title: Re: After 25 Day Pause, Jed McCaleb Sells 28.6 million XRP.
Post by: Freemind on January 19, 2021, 02:40:59 PM

I don't know how to interpret that McCaleb sale... Can it be a "normal" sale? Or he is afraid of what lies ahead (the SEC) and needs funds to legally cover the lawsuits. I haven't followed Jed's sales, but if he hasn't sold anything in a long time and he does it now it seems like a great coincidence. That's a lot of money for a weekend :o, and I don't believe in coincidences.