Former Ripple Labs founder Jed McCaleb has stopped selling XRP after eight years. There is only 46.7 XRP left in the wallet.
According to the report of XRP Scan Found that the former Ripple founder transferred his latest 1.1 million XRP (worth $394,742.18) at 6:31 AM (UTC) on July 17.
An hour later, the account shows the transaction “ACCOUNT DELETE”, which means The account will no longer be in XRP’s ledger.
The transaction marks the end of Jed McCaleb’s $9 billion XRP selloff after he left Ripple Labs to co-found the Stellar payment protocol in 2014.
The amount McCaleb has sold out over the past eight years. It accounts for about 18.6% of the total circulating supply of XRP and is good news from the crypto community that it has finally ended.
The moment we have all waited for is finally upon us. @JedMcCaleb has finally emptied his taco stand. His dumping of $XRP is now over after many years. Party time!!!
https://t.co/lS9kfCf98A
— Rob XRP
(@robxrp1) July 18, 2022
The price of XRP is 0.3564, up 0.82% over the past 24 hours. Asset prices fell nearly 90 percent from an all-time high in January 2018 of $3.40.
The post Jed McCaleb, the legendary XRP pourer, has sold out of XRP. After selling for 8 years appeared first on Bitcoin Addict.