Jed McCaleb has not sold any XRP since receiving the latest transaction from Ripple
According to the analytics data XRPscan, Ripple co-founder, its first CTO, and now the CTO and founder of Stellar, Jed McCaleb, have not sold any XRP since receiving the latest transaction from Ripple.
Jed McCaleb has sold 0 XRP since Ripple last tranche
According to data provided by XRPscan, McCaleb has not sold XRP since September started. His “tacostand” wallet still contains 709,911,471.02531 XRP as nine days ago.
The most recent batch from Ripple to McCaleb’s XRP address came on September 1, when the fintech giant unlocked a billion XRP from escrow. At the time, Jed received 174.862,720.000000 XRP, around $210 million.
XRPscan shows that since that date, he has had no upcoming transactions from “tacostand.” Ripple sent the previous volume of XRP on August 1st, and it amounted to 182,370,308 XRP. From that date until August 16, the amount of XRP sent by Jed to exchanges for sale totaled 86.3 million.
From August 16, with 821 million XRP remaining on “tacostand,” until September 1, he converted 112 million coins to fiat. As of now, the balance in his wallet is the same as on the first day of September – 709,911 million XRP. At current exchange rates, that equates to $771,096,230. On September 1, the fiat equivalents were larger – around $880 million.
As a rule, McCaleb sells XRP every day with rare pauses. But over the past nine days, no coins have been sold. On January 17, he had a balance of 3.4 billion XRP, according to a website built by the XRP community to track Jed’s holdings.
Earlier, as AZCoin News reported, according to researcher Leonidas Hadjiloizou, the Ripple giant’s wallet sending XRP to Jed is empty. But, as you can see, that’s not the story.
At the moment, everything is back to normal. McCaleb’s wallet balance currently stands at 709,911 million XRP, worth around $765 million at press time. Data on the web page dedicated to the regular lumps of XRP that McCaleb has been receiving from Ripple since 2013 shows that the estimated time to go before running out of his XRP for good is 169 days.
As you can see, the site splits into three selections, corresponding to McCaleb’s XRP sell-out time. The first option is not calculated. The second requires selling 4,155,514 XRP per month on average, take 169 days, equivalent to more than five months. And the third one can happen if he sells 5,281,170 XRP every three months on average.
At the time of writing, the XRP price is changing hands at $1.12, up 3% in the last 24 hours.
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