According to U.today, co-creator of XRP Ledger Jed McCaleb revealed on Friday that he is keeping his remaining 5 million XRP “just in case it rallies.”
Ripple Co-Founder Jed McCaleb Made U-Turn on Selling His Last 5 Million XRP
According to CTC News reporters, McCaleb stated in a Zoom call, “If you think about it, it would be really stupid if I sell it all. I mean, what if it does go to $589 a token? I could be RICH!” He continued, “I dunno, maybe it’s this inflation, maybe the cost of gas, you know. But I just have this feeling that holding the rest of this XRP is gonna give me and my family more security.”
It seems not fully sold yet but i’m patiently waiting. pic.twitter.com/XpYYjdENeh
— COL300ER (@CallofLiquidity) July 16, 2022
Since leaving Ripple in 2014, McCaleb has sold many millions of XRP, and as of the most recent reports from Jed’s tacostand Twitter account, he still holds roughly 5 million XRP.
Santiment, an on-chain analytics firm, says that given the sudden increase in XRP trading volume to $18.7 billion in the final hours of Friday, the crypto asset may be worth keeping an eye on. Santiment said the XRP network saw a significant anomaly to close the week. The 73 millionth ledger for XRPL was successfully closed on July 15, marking a new achievement for the project.
James K. Filan had shared the transcript from June 7, 2022, hearing before Magistrate Judge Netburn, during which both parties argued the Hinman attorney-client privilege claims. XRP-friendly attorney Jeremy Hogan underlined a line in the transcript that stated, “The purpose of the 2018 William Hinman speech was to guide to the market,” and said, “The SEC tried to have it both ways, and instead got it no ways.”
In other words, the SEC tried to have it both ways, and instead got it no ways.
Like when you’re cheating on your girl, and they both find out, and then have no girl.
— Jeremy Hogan (@attorneyjeremy1) July 15, 2022
Additionally, Hogan replied to a Twitter user who had asked for a potential time for a decision on the Fair Notice defense, saying, “She’ll rule on it along with the summary judgment. So that’s a December — March timeframe.” In other updates shared by defense lawyer James K. Filan, “The parties have filed letters outlining various requests and justifications for narrowly tailored redactions to the documents filed in connection with the motion by amici to participate in the challenge to one of the SEC’s experts.”
Read more:
- XLS-20 Standard Proposed By Ripple Aims To Make NFT Creation On XRPL Highly Compact And Effective
- Seems Like The XRP Community Is On The Verge Of Being Free From The “Burden Of McCaleb”