Data from XRPscan shows that Jed McCaleb, a co-founder of Ripple Labs and its former chief technology officer, has only 81.5 million XRP left in his wallet.
Some predict that if he keeps up the present selling pace, he will likely sell the remaining items by next week.
McCaleb appears to be closing in on victory after selling the 9 billion XRP he received from Ripple Labs in 2013 when he permanently left the business to start rival Stellar with its XLM token.
He has already sold 20 million XRP in a matter of days, bringing the total amount in his “tacostand” wallet to 81,527,341.97878.
On June 25, 114 million tokens were still in his wallet.
A website created by some XRP enthusiasts shows that depending on how fast McCaleb sells the leftovers of his crypto riches, he may run out of XRP in 15 or 23 days.
However, Twitter user @Lionel46294550 believes that McCaleb may finish selling his XRP as early as next week.
Jed had as many as 183 million XRP on his wallet balance, thus, since June 6, he has dumped roughly 100 million tokens onto the market.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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