Jed McCaleb, the former CTO of Ripple Labs, reportedly made $3.14 billion over eight years by selling XRP coins that he had on hand. The sales were completed at an average XRP price of $0.55. Jed’s winnings are described as “mind-blowing” by Whale Alert.
Eight years of selling XRP resulted in a profit of $3.14 billion.
Ripple (XRP) co-founder Jed McCaleb received a total of $3.09 billion and 708 BTC from the sale of his XRP tokens from 2014 to the present, according to a tweet from the Watcher.Guru account on July 18. Since 2014 until July 17, when he sold his final batch of tokens, it looks that Jed has precisely made $3.14 billion in total. Keep in mind that the co-founder of Ripple made the majority of his sales after the SEC complaint was made public. It reportedly generated sales of more than $2.5 billion after December 22, 2020.
Recent information from cryptocurrency tracking tool Whale Alert shows that Jed McCaleb has sold 5.7 billion XRP coins over the last eight years. Just 47.6 XRP, worth 17 dollars, are currently present in Jed’s wallet, which goes by the name “tacostand.” Be aware that the co-founder of Ripple transferred out 1.1 million XRP tokens, or more than 396,000 dollars, in his most recent transfer.
Jed McCaleb founded Ripple Labs in 2012, and he departed the organization in 2014. He had been given 9 billion XRP tokens before he left. He sold off a large number of his tokens over time. Some think that because of the long-term sales he has made, he is to blame for the price decline of XRP (which has decreased by about 40% over the past year).
