XRPscan analytics platform shows that since early May, Ripple’s first CTO, Jed McCaleb, has sold nearly half a billion XRP from his tacostand wallet.
During this time, he also received 408 million XRP from Ripple Labs.
In May, Ripple co-founder Jed McCaleb sold his holdings in XRP every week, including 10.2 million, 10 million, 13.4 million and 17.3 million each.
In June, he also managed to get rid of some of his XRP, including 16,353,884 coins in each transfer. The total value of XRP in USD reached $ 430,336,399.
At the moment tacostand has 617,345,763 XRP on its balance sheet.
Jed McCaleb regularly receives payments from Ripple Labs as part of the settlement agreement signed when he left the company.
As shown in the chart by XRP researcher Martin Valk, McCaleb will run out of his XRP resources in about two months or 59 days.
About 18 hours ago, Whale Alert tracked a Ripple transfer of 10 million XRP to its ODL solution partner in Latin America, Bitso.
In addition, the major US exchange Bittrex sent 17 million XRP tokens to Upbit, and an anonymous whale transferred 10 million XRP to the Japanese exchange Bitbank.
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