Ripple co-founder liquidated his XRP holdings

On July 17, Ripple co-founder and former chief technology officer Jed McCaleb liquidated 1.1 million XRP, presumably ending the sale of 9 billion tokens held by him.

As of writing, the tacostand wallet tracked by the community holds 46.7 XRP.

«Only 40 XRP left; now you can own more coins than Jed», the authors of the Twitter channel JedTacostand quipped.

XRP address: rEhKZcz5Ndjm9BzZmmKrtvhXPnSWByssDv

17th July 2022
— 1.109M
Available: 40.33
40 XRP left, you all now have more XRP than JED 🍻
pic.twitter.com/FFQN1udLtw

— Jed’s Tacostand (@JedTacostand) July 17, 2022

On July 15, the humorous publication CTC News published an allegedly interview with McCaleb, according to which he decided to hold the last 5 million XRP “just in case” it moons.

«If you think about it, it would be very foolish to sell all of this. I mean, what if it really costs $589 per token? I could be RICH!», the quote was attributed to him, and some believed it.

The next day McCaleb liquidated 4.2 million XRP.

Whale Alert tracked his aggregate eight-year selling of 5.7 billion XRP for about $3.1 billion (at an average price of $0.55).

ℹ️ With his last #XRP sale in sight we decided to update our research on Jed McCaleb’s #Ripple fortune. Check it out to see how much co-founding a blockchain is worth!https://t.co/oYfzbcAdYG

— Whale Alert (@whale_alert) July 17, 2022

As of writing, the token trades near $0.36. Over the last 24 hours the asset rose 2.4%, over the week the price rose 11.7% (CoinGecko).

In December 2020, after the U.S. Securities and Exchange Commission filed a lawsuit against Ripple, McCaleb paused XRP sales for almost a month.

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