Ripple co-founder Jed McCaleb moved about 40 million XRP from his “tacostand” wallet in the past two days, according to AMBCrpto. The former tech chief stopped selling the digital token on 24 December, a day after the SEC lawsuit against Ripple became public but resumed again in January.
- As of December last year, McCaleb’s estimated total XRP holdings sales were $1.2 billion at $0.20 per XRP.
- Over the years, McCaleb’s combined totals for XRP sold are 2.25 billion XRP or $546 million.
- Last year, more than 90,000 transactions were executed while about 8 billion XRP were moved between Ripple and McCaleb’s personal accounts.
- There are speculations that the transfers of XRP to the departed Ripple executive were part of the settlement agreement compensating him for his role as founder.
- There are also views that McCaleb became worried of SEC lawsuit accusing co-founders Chris Larsen and Brad Garlinghouse of raising over $1.3 billion through an unregistered securities offering.
- McCaleb wallet now has a balance of 499,599,172.60537 XRP in total.
Ripple is currently gaining. XRPUSD is up 10.00%