Ripple Co-Founder Jed McCaleb Dumps 28 Million XRP Tokens amid SEC Lawsuit
Andra Espinoza
Altcoins
4 years ago
1 QCP
McCaleb, along with Chris Larsen and Brad Garlinghouse, co-created and established Ripple Labs in 2012. The programmer went on to create the now defunct Bitcoin exchange Mt. Gox, as well as the Stellar Development Foundation responsible for the budding cryptocurrency Lumen (XLM). Before departing from Ripple, McCaleb was awarded 9 billion XRP, and an agreement was made that he was allowed to sell XRP, but only a certain amount per day.
Now, it seems as though the Ripple creator has resumed his XRP sales, after having been inactive for 25 days. Jed McCaleb’s first XRP sale since the SEC lawsuit is reported to be in the amount of 28.6 million XRP, which is worth around $8.8 million at the moment. The transaction was picked up by crypto researcher Leonidas Hadjiloizou, who pointed out that McCaleb had resumed his “tacostand” XRP sales. The analyst wrote: https://blockchain.news/news/ripple-co-founder-jed-mccaleb-dumps-28-million-xrp-tokens-sec-lawsuit
Now, it seems as though the Ripple creator has resumed his XRP sales, after having been inactive for 25 days. Jed McCaleb’s first XRP sale since the SEC lawsuit is reported to be in the amount of 28.6 million XRP, which is worth around $8.8 million at the moment. The transaction was picked up by crypto researcher Leonidas Hadjiloizou, who pointed out that McCaleb had resumed his “tacostand” XRP sales. The analyst wrote: https://blockchain.news/news/ripple-co-founder-jed-mccaleb-dumps-28-million-xrp-tokens-sec-lawsuit
- XRP
- SEC
- Ripple
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