Millions of XRP Sent to Jed McCaleb's Wallet

Millions of XRPs were sent to the wallet of Jed McCaleb, who was part of Ripple's founding team up until 2013.

Millions of XRP have been sent to Jed McCaleb's wallet. Another 628 million XRP has been sent to the wallet of McCaleb, who was part of Ripple's founding team but left in 2013 and founded Stellar today. While leaving Ripple, Jed McCaleb acquired 9 billion XRP as per the agreement with the company. Then, an agreement was made with him so that XRP sales do not affect the price. Under this deal, McCaleb is able to sell a small fraction of its XRP transaction volume on a daily basis. This is roughly 1 to 1.5 percent. [embed]https://twitter.com/whale_alert/status/1366514572190973969?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1366514572190973969%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fuzmancoin.com%2Fxrp-ripple-628-milyon%2F[/embed] As part of this deal, Jed McCaleb received another 628 million XRP today. At current prices, the amount in question corresponds to approximately $ 278 million. McCaleb also got 300 million XRP from Ripple earlier last month.

Earned $ 411 Million from Sales Last Year

McCaleb earned a total of $ 411 million as a result of XRP sales in 2020. If he continues to sell at its current speed, Ripple's founder is expected to sell all of his XRPs before the end of the year.