Jed McCaleb Shifts 202 Million XRP Over Past 10 Days While XRP Keeps Holding Above $1

Former Ripple CTO Jed McCaleb continues to dump his XRP holdings with 322.3 million remaining in his "tacostand" wallet

Cover image via www.instagram.com

Judging by data from XRPscan, in the past 10 days, former Ripple CTO and one of the company's cofounders, Jed McCaleb, has released over 200 million XRP coins from his remaining stash to be sold.

McCaleb sells another big XRP lump

Data provided by the XRPscan service that tracks XRP transactions demonstrates that, since April 15, Jed McCaleb—who helped found Ripple Labs in 2012—has made 11 transactions from his "tacostand" XRP wallet, pushing over 202 million XRP to be sold.

This is the equivalent of $231,899,940 in fiat.

"Tacostand" was set up in 2013 when McCaleb left Ripple Labs to found his own blockchain platform, Stellar, with native coin XLM, a Ripple rival.

One of the settlement agreement's provisions is that McCaleb must sell his XRP only in small parts; dumping the entire nine billion coins that he received as compensation was forbidden by the agreement from the very beginning.

Jed's XRP holdings are shrinking

Now, Jed has less than two billion XRP coins left, with the current balance in his wallet of 322,309,116.962079 XRP.

Blockchain researcher and analyst Leonidas Hadjiloizou expects McCaleb to sell approximately 22.6 million XRP on a daily basis, which means that the Ripple cofounder may run out of his remaining two billion coins by August-September this year.

Ripple Executives Refuse to Provide Their Offshore Trading Records

XRP keeps holding above $1

After reaching a yearly peak of $1.80 on April 16, the fourth biggest cryptocurrency, XRP, has declined to the $1.04 level and has been trading in a range there.

After dipping below $1 on April 26, the digital currency has recovered and is changing hands at

Comments

Tom Needs Our Prayers As His Health Is Failing Him

Rumors are abounding that Tom Selleck’s health is becoming a problem, to the point that the show may be cancelled before its 7th season.. American actor and film producer. He is known for starring as private investigator Thomas Magnum in the television series Magnum, Reports from friends and colleagues of Tom Selleck say that the former action star is tortured daily while on the set of his hit TV show “Blue Bloods,” by his chronic rheumatoid arthritis. “Tom’s days as the car-jumping-scuba-diving-action star are a thing of the past,” one of his costars said. “He hates that his arthritis slows him down. Like most stars, there’s a stunt double for dangerous action shots, but Tom even uses the guy for simple scenes, like getting in and out of his police car. His arthritis bothers him more some days than others. But Tom’s an old-school, true professional, so he never complains about the pain.” Now, some in Tom’s family fear that the treatment that the actor is taking for arthritis, which

Tom Selleck is tortured daily because of his long-term disease, his friends say

If rumors are to be believed, fans of the 'man behind the mustache' might have considerable cause for alarm over the actor's health. Several articles have recently made the rounds, all with the same premise: Hollywood heartthrob, Tom Selleck is facing rapidly declining health as he suffers from a debilitating bout of arthritis. One such source to lay claim to Selleck's failing health is Ghanamma.com, whose information is supported by The Nation, an online newspaper. Both sources state that Selleck's arthritis is becoming increasingly painful and hindering, to the point where he can no longer do his own stunts. More than that, however, the publications reported that Selleck uses a stunt double not only for demanding, challenging scenes, but also for the more trivial, mundane tasks, such as simply climbing out of his police vehicle on set while filming Blue Bloods. Some days are worse than others for the former action star, unnamed sources said, claiming tha

Jennifer Lopez has her backside insured for... 28 million dollars!

The singer protects one of her favourite parts of her body A fter marrying Ben Affleck, Jennifer Lopez has returned to the stage, at an event in Capri, Italy, showing off her incredible voice and spectacular body. Precisely, the singer has insured several parts of her body, highlighting one above all: her backside. JLo has a booty that is in high demand, both by surgeons and by many women who try to copy it. Now, she has insured her backside for 28 million dollars, reflecting that she has invested a lot in her buttocks and wants to keep them in good condition to prevent any risks. From Daniel Craig to Angelina Jolie However, the singer is not the only celebrity to have some part of her body insured and there are several others who have insured body parts. One of them is Daniel Craig, who has an insurance policy for his muscles, which amounts to 9 million dollars. Craig decided to take out such insurance during the filming of Casino Royale, as he did not want stuntmen in th

Amazing Things

Search This Blog