Ripple co-founder and one of the biggest XRP whales in history, Jed McCaleb, is entering 2021 with massive profits from selling the digital asset.
Despite Ripple’s legal battles with the U.S. Securities and Exchange Commission (SEC), the Ripple co-founder was able to net $411 million in XRP sales throughout the past calendar year, bringing his total profits from selling XRP to $546 million.
Blockchain tracker Whale Alert reports that McCaleb’s remaining XRP holdings along with the value he’s earned from selling the asset amounts to $1.2 billion, making him one of the wealthiest individuals in crypto.
McCaleb left Ripple in 2013 and went on to launch his own crypto startup, Stellar. Per a legal agreement reached with the remaining members of Ripple’s team, McCaleb is only able to sell off his hefty bag of XRP in increments.
The 2014 agreement stated that McCaleb could only sell off a set amount of XRP each week. After McCaleb was accused