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Jed McCaleb Dumps 76 Million XRP Over Weekend with 404 Million Still in His Wallet

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Mon, 02/15/2021 - 11:30
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Yuri Molchan
Programmer who helped found Ripple blockchain giant has moved another 76 million XRP from his wallet, while another 404 million XRP coins remain there
Jed McCaleb Dumps 76 Million XRP Over Weekend with 404 Million Still in His Wallet
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Recent blockchain data shows that, over the past three days, Ripple cofounder and former CTO, Jed McCaleb, has transferred 76.3 million XRP from his "tacostand" wallet.

A total of 403,973,642.005371 XRP remain on the "tacostand" balance.

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Image via XRPscan

McCaleb moves $42,360,361 in XRP to be sold

According to data provided by XRPscan, Ripple's first CTOwho also helped create the companyhas wired slightly over 76 million XRP from his "tacostand" wallet to be sold.

In fiat USD, this amount is equal to $42,360,361. This bag of coins was shifted in three transactions, one per day since Friday: one worth 38.3 million XRP and two others bearing approximately 19 million XRP each.

Last week, U.Today reported that McCaleb had moved 40 million XRP in the previous two days. By today, this amount has doubled.

Related
Ripple Cofounder McCaleb Dumps 40 Million XRP, Still Holding 499 Million XRP

McCaleb could run out of his XRP by the end of 2021

Jed McCaleb has been getting regular XRP payouts since leaving Ripple Labs in 2013 (known back then as OpenCoin) over discrepancies with the rest of the board members.

A crypto expert from the XRP community, Leonidas Hadjiloizou, believes that McCaleb now has 2.896 billion XRP left in cold storage.

McCaleb's XRP sales do not impact the price of XRP, despite their size and regularity. At press time, the coin is changing hands at $0.5626, according to data from CoinMarketCap.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.