Recent data from XRPscan shows that Jed McCaleb keeps selling his XRP riches—which are, however, nearing an end.
In the past nine days, McCaleb has sent a staggering 151.9 million XRP from his "tacostand" wallet to be sold.
Meanwhile, 453,564,660.225819 XRP remains on his wallet's balance.
XRP cashed out into $65,183,376
The mind-blowing number of XRP coins sold by Jed McCaleb since March 6 totals 152 million, which adds up to more than $65 million converted to fiat U.S. currency.
It took him nine transactions (one per day) of approximately 18.5 million XRP each to do that.
McCaleb's "tacostand" wallet still holds half a million XRP coins. The community believes that he will sell out all of his remaining coins by the end of the year.
At press time, XRP remains in seventh place on CoinMarketCap and is still trading in the $0.43 range.
On March 10, U.Today reported that McCaleb cashed out slightly over 108 million XRP.
Alex DovbnyaXRP has tanked after the SEC filed a lawsuit
The coin lost about 67 percent of its market value in just a few days after the U.S. security regulator announced a lawsuit filed against Ripple on Dec. 21, 2020.
However, it then managed to reach the $0.63-0.65 peaks on Feb. 1 and Feb. 22.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Alex Dovbnya
Gamza Khanzadaev
Vladislav Sopov
Dan Burgin