Ripple has officially confirmed that Jed McCaleb is done selling XRP
Ripple has officially confirmed that Jed McCaleb, one of its co-founders, has sold his entire XRP holdings. “Tacos, anyone? JK, the stand is closed,” Ripple CEO Brad Garlinghouse tweeted.
Tacos anyone? JK the stand is closed 😄 https://t.co/rshrX6hGOQ
— Brad Garlinghouse (@bgarlinghouse) July 18, 2022
Ripple Officially Confirms That Jed McCaleb Has Sold His XRP Holdings
Before that, social media users started discussing McCaleb finally emptying his wallet on Sunday after an eight-year sell-off. The American entrepreneur received 9 billion units of XRP back in 2012 with other co-founders. After exiting the company in June 2013, McCaleb said he would start selling his XRP stash “as quickly as possible.”
Eventually, he agreed with Ripple to liquidate his remaining tokens based on the daily trading volume. Most of McCaleb’s sales came after the U.S. Securities and Exchange took the company to court over allegedly illicit XRP sales. McCaleb also decided to share his shares in Ripple.
- Ripple CTO David Schwartz Reflected On His Decision To Take A Stake In The Company Instead Of XRP
- Jed McCaleb Finally Ended The Eight-Year Dump Of His XRP Holdings, Leaving Only 46.7 Tokens Left