Jed McCaleb Now Only Has About 111 Million XRP Left

According to data provided by Jed Balance, a website dedicated to tracking XRP balances, Jed McCaleb, co-founder and former CTO of Ripple, currently has around 111 million XRP left.

Jed McCaleb

McCaleb started working at Ripple in 2011 and was a founding member of the company when it officially launched in 2013. He was awarded 8 billion XRP for his key founding role in the creation and startup. OpenCoin was later renamed Ripple, despite leaving it in 2014 to found rival Stellar (XLM).

Jed McCaleb once stated that he would sell the XRP he received according to a set schedule. Since then, he has steadily “discharged”. McCaleb currently has 110,871,334 XRP left in his wallet, according to Jed Balance.

Jed McCaleb expects to sell off XRP in 26, 28, or 30 days, depending on how quickly he sells. The first option requires him to sell 3,718,395 XRP per week, the second option requires an average sale of 4,033,827 XRP per month, and the third option is doable provided McCaleb sells an average of 3,523,447 XRP every three months.

However, it seems that the website only shows the current balance and does not count how much XRP Jed McCaleb can receive.

At the time of writing, XRP trades at $0.3646, down 1.49% in 24 hours and up 15.42% on the week.

XRP daily chart. Source: CoinCu

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.