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Ripple co-founder and former CTO, Jed McCaleb, is running out of XRP to dump in the market. Currently has only 114 Million XRP Left.

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by COINS NEWS 125 Views

Ripple co-founder and former CTO, Jed McCaleb, is running out of XRP to dump in the market. Currently has only 114 Million XRP Left.

Jed McCaleb initially has eight billion XRP given to him for his initial work with a past project that is now named Ripple. He left Ripple to work on Stellar (XLM) in 2014, and ever since he has been dumping his XRP tokens in the market, but now he is almost running out!

According to data provided by Jed Balance, which is a site dedicated to tracking Jed's XRP holdings, he now only have about 111 million XRP left in his name (or this particular wallet/account).

https://preview.redd.it/v0o57nzej1891.png?1767&format=png&auto=webp&s=957f41819aa15b8b2979537ef0012ffc688c5aec

He has been dumping about 4 million XRP tokens per day this month, going at this phase we might see him run out of xrp in a single month, of a few months time if he changes how much he sells everyday. OR he might altogether just stop selling again like what he did around 2021.

submitted by /u/Ayanakouji___T_REX
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