XRP Balance Jed McCaleb “legendary XRP connoisseur”, former Ripple co-founder and former CTO, currently has less than 114 million XRP left in his wallet.
According to reports, McCaleb started working with Ripple in 2011 and was a member of the company’s founding team when it launched in 2013, and he received a total of 8 billion XRP tokens for his work in building and starting OpenCoin. It was eventually renamed Ripple, although he left in 2014 to create Stellar (XLM).
McCaleb has stated in the past that He intends to sell the money he earns on time, occasionally selling XRP.
How much is left in his pocket?
Jed McCaleb currently has 110,871,334 XRP left in his wallet. According to a report from a website that monitors past Ripple CTO balances.
He expects this balance to expire in 28, 26 or 30 days depending on how quickly he sells this amount. The first option required him to sell 3,718,395 XRP every week, while the second option had to sell 4,033,827 XRP on average every month. And a third option will be possible if McCaleb sells 3,523,447 XRP on average every three months.
XRP Price Action
After a sharp decline last week. The digital asset started showing signs of recovery and XRP climbed 16% on June 24, breaking the $0.35 resistance on June 24. If the price continues to move up and breaks through the 50 MA, this could be a starting point. of a new uptrend It could rise to $0.46 before it accelerates to $0.56.
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