Ripple co-founder Jed McCaleb sold $400 million worth of XRP in 2020

Ripple co-founder Jed McCaleb sold $400 million worth of XRP in 2020


Stellar CTO and Ripple architect Jed McCaleb cashed out a whopping $411 million in XRP in 2020, according to an updated report from blockchain analytics account Whale Alert. 

McCaleb sold 1.2 billion XRP throughout the year at an average price of $0.34 per coin — amassing close to half a billion dollars. The sum reportedly represents 27% of McCaleb’s XRP stash that is held in a settlement account with Ripple Labs, and marks a sharp acceleration of his sales to date. He sold roughly one billion XRP in the five years between 2014 and 2019.

We have updated our analysis of one of the most famous #XRP whales out there. You can read up on what is likely one of the most successful traders of 2020 in the article below!https://t.co/Czw3nP8bW9

— Whale Alert (@whale_alert) December 29, 2020

Trending: SGT Report: The Storm Is Upon Us, This Is It!

By Whale Alert’s estimations, the combined value of McCaleb’s current and liquidated XRP holdings is approximately $1.2 billion, placing him high

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Send this to a friend