Ripple Officially Confirms That Jed McCaleb Is Done Selling XRPs

Distributed ledger company Ripple has confirmed that Jed McCaleb, its former co-founder, has sold off his entire XRP holdings. McCaleb finally executed his last outgoing XRP transfer of 1.1 million XRP on Sunday. It marked the end of a $9 billion dumping spree initiated by him after leaving the company. Jed McCaleb Empties His Entire XRP Wallet Ripple said in a blog post that McCaleb sold the last of his XRP holdings in his “tacostand” wallet over the weekend. Starting the week off with some XRP history and context of Jed McCaleb’s “tacostand” wallet. https://t.co/DXPL7CueUl — Ripple (@Ripple) July 18, 2022 Commenting on the development, Ripple CEO Brad Garlinghouse joked in a sarcastic tone: Tacos anyone? JK the stand is closed 😄 https://t.co/rshrX6hGOQ — Brad Garlinghouse (@bgarlinghouse) July 18, 2022 The former Ripple founder executed his last outgoing XRP transfer of 1.1 million XRP, worth $394,742.18, at 6:31 am UTC on Sunday, according to blockchain explorer XRP Scan. Hours later, the account listed an “ACCOUNT DELETE” transaction, meaning it would no longer exist on XRP’s ledger. McCaleb received about 9 billion units of XRP back in 2012, equivalent to 9% of the 100 billion XRP supply together with other co-founders. He was allowed to sell or transfer the funds under specific withdrawal conditions. McCaleb said he would start selling his XRP stash “as quickly as possible.” Eventually, he agreed with Ripple to liquidat...