E Point Perfect – Interesting and beneficial content

Ripple Officially Confirms That Jed McCaleb Has Sold His XRP Holdings


article image

Alex Dovbnya

Ripple has officially confirmed that Jed McCaleb is done selling XRP

Blockchain company Ripple has officially confirmed that Jed McCaleb, one of its co-founders, has sold his entire XRP holdings. 

“Tacos anyone? JK the stand is closed,” Ripple CEO Brad Garlinghouse tweeted

Prior to that, social media users started discussing McCaleb finally emptying his wallet on Sunday after an eight-year sell-off.

The American entrepreneur received 9 billion units of XRP back in 2012 together with other co-founders.

After exiting the company back in June 2013, McCaleb said that he would start selling his XRP stash “as quickly as possible.” Eventually, he reached an agreement with Ripple to liquidate his remaining tokens based on the daily trading volume.

As reported by U.Today, most of McCaleb’s sales came after the U.S. Securities and Exchange took the company to court over allegedly illicit XRP sales.    
McCaleb also decided to share his shares in Ripple, the announcement says.


Source link

Related posts

Exchanges Now Ready for Vasil Upgrade

Cardano (ADA) Now Listed by Robinhood

Oscar-Winning Rapper Celebrates Ethereum’s Revival

Bitcoin Whales Now Control 45.6% of BTC Supply & Continue to Aggressively Accumulate

New Memetoken “Supported” by Vitalik Buterin Emerges

World’s Largest Tequila Brands Dive Deeper into NFTs and Metaverse