Ripple co-founder Jed McCaleb sold $400 million worth of XRP in 2020
Cointelegraph
Published Jan 05, 2021 10:42PM ET
Updated Jan 06, 2021 12:20AM ET
Stellar CTO and Ripple architect Jed McCaleb cashed out a whopping $411 million in XRP in 2020, according to an updated report from blockchain analytics account Whale Alert.
McCaleb sold 1.2 billion XRP throughout the year at an average price of $0.34 per coin — amassing close to half a billion dollars. The sum reportedly represents 27% of McCaleb’s XRP stash that is held in a settlement account with Ripple Labs, and marks a sharp acceleration of his sales to date. He sold roughly one billion XRP in the five years between 2014 and 2019.
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Written By: Cointelegraph
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