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Ripple Co-founder Jed McCaleb Dumped About 130 Million XRP In One Week

Mary Liu

Summary: XRPscan data shows that Ripple co-founder Jed McCaleb sold about 130 million XRPs with a total worth of $69.3 million in a week, as reported by Decrypt. Between February 4 and 6, McCaleb's "tacostand" wallet sold 12.7 million XRP in three batches, followed by two more batches in the following two days, each containing more ...

XRPscan data shows that Ripple co-founder Jed McCaleb sold about 130 million XRPs with a total worth of $69.3 million in a week, as reported by Decrypt.

Between February 4 and 6, McCaleb's "tacostand" wallet sold 12.7 million XRP in three batches, followed by two more batches in the following two days, each containing more than 19 million XRP. Three more dumpings occurred this week, each with approximately 19 million XRP, the last of which was completed earlier this morning.

The "tacostand" wallet has a balance of 480.5 million XRP (worth approximately $249.8 million). Bitpush data shows that the price of XRP has risen by nearly 6% in the past 24 hours.

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