Stellar founder receives another 63 million XRP ($ 12.2 million) – BeInCrypto

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Jed founded McCaleb Ripple in 2011. McCaleb was involved in several litigation and was unable to sell his entire inventory of over 4.7 billion XRP. His towering qualities have been a constant thorn in Ripple’s side and have made McCaleb one of the richest people in the world.

McCaleb has been getting XRP on a semi-consistent basis for years, and it looks like he just got a new batch of XRP tokens.

McCaleb receives another 63M XRP

According to Whale Alert (@whale_alert), McCaleb has received others $ 12.3 million from XRP Your agreement. Today, around 63.7 million XRP were transferred to its portfolio.

Many replied with the expectation that McCaleb would resell his properties, as he has done in the past.

It is currently unclear whether the limitations of the legal agreement prevent McCaleb from selling immediately or whether he can get rid of the tokens in a single sale.

Always unloading coins

As part of the show, Ripple unlocks 1 billion coins every month. The team also adds McCaleb’s holdings in XRP. The result was constant selling pressure that compared XRP to the Plus Token scam – a pyramid scheme that made endless sales to enrich its founders. With continued sales, XRP 2019 was the biggest loser among the top 10 cryptocurrencies.

Ripple XRP

It is unclear what McCaleb does with his real estate. He founded Stellar (XLM), which at the time of this writing has a market cap of $ 980 million. In addition to receiving XRP, he also owns a large proportion of his XLM cryptocurrency.

BeInCrypto previously reported McCaleb’s loot. By February 2020, approximately 1.05 billion XRP worth approximately $ 135 million had been sold.

Although we have no evidence that McCaleb is hurrying to get rid of his newly received XRP, traders should be aware that the threat is there.



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As a leading blockchain and fintech news company, BeInCrypto always strives to comply with strict editorial guidelines and the highest journalistic standards. With this in mind, we always encourage and encourage readers to do their own research into the information contained in this article. This article is intended as news and is for informational purposes only. The topic of the article and the information provided may have an impact on the value of a digital or cryptocurrency asset, but is never intended. Likewise, the content of the article and the information contained therein do not intend and do not intend to provide sufficient information for a financial or investment decision. This article is not expressly intended as financial advice, it is not financial advice and should not be construed as financial advice. The content and information in this article have not been prepared by a certified financial professional. All readers should always conduct their own due diligence with a certified financial professional before making an investment decision. The author of this article may have any amount of Bitcoin, cryptocurrencies, other digital currencies, or financial instruments at the time of writing, including but not limited to those contained in the content of this article.



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