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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('According to the XRPscan platform, since April 4, Jed McCaleb, the person who helped found Ripple Labs and was its first chief technology officer, has released 100.8 million XRP.
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    
    On April 6, McCaleb received a whopping 364,768,757 XRP from Ripple, as per data from XRPscan.
    
    At the present exchange rate of XRP, this constitutes a staggering $139,151,938.
    
    Jed McCaleb keeps selling the rest of his XRP riches
    
    Ripple's co-founder and first CTO has made nine transactions, carrying a total of 100.8 million XRP from his "tacostand" digital wallet.
    
    Each of them bore either 12 million or 8.4 million XRP tokens. Today's transaction was worth 8.4 million XRP.
    
    Prior to the transfer on April 4, Jed had taken a month-long break from releasing XRP. The date of the previous sale was March 4, when 9,713,398.410000 XRP were withdrawn.
    <em>Image via <a rel="nofollow" target="_blank" href="https://xrpscan.com/account/rEhKZcz5Ndjm9BzZmmKrtvhXPnSWByssDv">XRPscan</a></em>
    When Jed McCaleb left Ripple Labs, which began as OpenCoin a year earlier, he received a compensation of nine&nbsp;billion XRP coins for cofounding the entity and his help as a&nbsp;CTO.
    
    The settlement agreement prevented him from selling all nine&nbsp;billion coins at once to prevent a&nbsp;price collapse to zero.
    
    Thus, Jed initiated large XRP sales only in 2018—approximately six&nbsp;million XRP—while the rare largest amount he sold prior to that was three&nbsp;million coins.
    
    On Dec. 6,&nbsp;2020, McCaleb dumped as much as 29.5 million XRP.
    
    <a rel="nofollow" target="_blank" href="#s">card</a>
    
    Researcher expects XRP sales to rise
    
    Researcher Leonidas Hadjiloizou has tweeted that, this week, McCaleb allegedly plans to sell 8.4 million XRP daily. As of April 18, Jed is likely to increase sales to more than 40 million XRP per day.
    
    At the current pace, McCaleb may run out of XRP by August of this year, according to the website connected to McCaleb's XRP sales.
    
    However, if he increases the amount of dumped XRP to 40+ million, his XRP stash will dry up earlier than that.
    <em>Image via <a rel="nofollow" target="_blank" href="https://twitter.com/LeoHadjiloizou/status/1381143490038538241">Twitter</a></em>
    
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  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3064 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('According to the XRPscan platform, since April 4, Jed McCaleb, the person who helped found Ripple Labs and was its first chief technology officer, has released 100.8 million XRP.
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    
    
    On April 6, McCaleb received a whopping 364,768,757 XRP from Ripple, as per&nbsp;data from XRPscan.
    
    At the present exchange rate of XRP, this constitutes a staggering $139,151,938.
    
    Jed McCaleb keeps selling the rest of his XRP riches
    
    Ripple's co-founder and&nbsp;first CTO has made nine transactions, carrying a total of 100.8 million XRP from his "tacostand"&nbsp;digital wallet.
    
    Each of them bore either 12 million or 8.4 million XRP tokens. Today's transaction was worth 8.4 million XRP.
    
    Prior to the transfer on April 4, Jed had taken a month-long break from&nbsp;releasing XRP. The date of the previous sale was March 4,&nbsp;when 9,713,398.410000 XRP were&nbsp;withdrawn.
    <em>Image via <a rel="nofollow" target="_blank" href="https://xrpscan.com/account/rEhKZcz5Ndjm9BzZmmKrtvhXPnSWByssDv">XRPscan</a></em>
    When Jed McCaleb left Ripple Labs, which began as OpenCoin a year earlier, he received a compensation of nine&nbsp;billion XRP coins for cofounding the entity and his help as a&nbsp;CTO.
    
    The settlement agreement prevented him from selling all nine&nbsp;billion coins at once to prevent a&nbsp;price collapse to zero.
    
    Thus, Jed initiated large XRP sales only in 2018—approximately six&nbsp;million XRP—while the rare largest amount he sold prior to that was three&nbsp;million coins.
    
    On Dec. 6,&nbsp;2020, McCaleb dumped as much as 29.5 million XRP.
    
    <a rel="nofollow" target="_blank" href="#s">card</a>
    
    Researcher expects XRP sales to rise
    
    Researcher Leonidas Hadjiloizou has tweeted that, this week, McCaleb allegedly plans to sell 8.4 million XRP daily. As of April 18, Jed is likely to increase sales to more than 40 million XRP per day.
    
    At the current pace, McCaleb may run out of XRP by August of this year, according to the website connected to McCaleb's XRP sales.
    
    However, if he increases the amount of dumped XRP to 40+ million, his XRP stash will dry up earlier than that.
    <em>Image via <a rel="nofollow" target="_blank" href="https://twitter.com/LeoHadjiloizou/status/1381143490038538241">Twitter</a></em>
    
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Jed McCaleb Dumps 100 Million XRP In Past Week, Receiving 365 Million from Ripple

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Mon, 12/04/2021 - 10:44
Jed McCaleb Dumps 100 Million XRP In Past Week, Receiving 365 Million from Ripple
Cover image via www.instagram.com
Read U.TODAY on
Google News

According to the XRPscan platform, since April 4, Jed McCaleb, the person who helped found Ripple Labs and was its first chief technology officer, has released 100.8 million XRP.

Advertisement

On April 6, McCaleb received a whopping 364,768,757 XRP from Ripple, as per data from XRPscan.

At the present exchange rate of XRP, this constitutes a staggering $139,151,938.

Jed McCaleb keeps selling the rest of his XRP riches

Ripple's co-founder and first CTO has made nine transactions, carrying a total of 100.8 million XRP from his "tacostand" digital wallet.

Each of them bore either 12 million or 8.4 million XRP tokens. Today's transaction was worth 8.4 million XRP.

Prior to the transfer on April 4, Jed had taken a month-long break from releasing XRP. The date of the previous sale was March 4, when 9,713,398.410000 XRP were withdrawn.

7169_0
Image via XRPscan

When Jed McCaleb left Ripple Labs, which began as OpenCoin a year earlier, he received a compensation of nine billion XRP coins for cofounding the entity and his help as a CTO.

The settlement agreement prevented him from selling all nine billion coins at once to prevent a price collapse to zero.

Thus, Jed initiated large XRP sales only in 2018approximately six million XRPwhile the rare largest amount he sold prior to that was three million coins.

On Dec. 6, 2020, McCaleb dumped as much as 29.5 million XRP.

card

Researcher expects XRP sales to rise

Researcher Leonidas Hadjiloizou has tweeted that, this week, McCaleb allegedly plans to sell 8.4 million XRP daily. As of April 18, Jed is likely to increase sales to more than 40 million XRP per day.

At the current pace, McCaleb may run out of XRP by August of this year, according to the website connected to McCaleb's XRP sales.

However, if he increases the amount of dumped XRP to 40+ million, his XRP stash will dry up earlier than that.

7169_0
Image via Twitter
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