- Jed McCaleb, the co-founder of Ripple, earned $ Billion on selling his XRP tokens reports
- Jed McCaleb Earned $3 Billion by selling his XRP tokens.
- Jed was holding the highest XRP tokens in 2013.
Co-founder and CTO (Chief Technical Officer) of Ripple Jed McCaleb started to work on Ripple in 2011 and was a member of the founding team of Ripple then.
Jed McCaleb was awarded 8 million XRP as a reward for developing and starting Opencoin in 2013, and later it was renamed, Ripple.
According to the media, sources, and the official Twitter handle of Rob XRP, Jed McCaleb is experiencing a low time in his trading career. He has only 114 million XRP remaining in his wallet.
We are now officially at less then 1 month until Jed McCalebs taco stand account is empty of $XRP. https://t.co/lS9kfCwK08
— Rob XRP
A website monitoring the fund of Jed McCaleb has published detailed information about the funds left, and the amount remaining is 103,535,367 XRP in his wallet. Nevertheless, Jed McCaleb’s current balance seems to ignore how much more XRP Ripple still owes its former CTO than the website displays.
A report of Ripple Labs titled “The Stand is finally out of Tacos.” Explained that McCaleb sold all his remaining XRP tokens. Tacos are the name of XRP wallets that Belong to McCaleb.
McCaleb has sold out his remaining XRP token, and now No XRP tokens are left with him, and he earned $3.9 Billion and around 708 Bitcoin after selling his tokens.
Now that Jed has finally sold the last of his XRP it has been estimated that he has earned a total of $3.09 billion and 708 BTC since 2014. Most of his sales occurred after the SEC lawsuit against Ripple, $2.562 billion was cashed out after the 22nd of December 2020.
— Leonidas (@LeoHadjiloizou) July 18, 2022
McCaleb started selling his XRP tokens after seeing market volatility, and the main reason stated behind selling his tokens is the legal action against Ripple by SEC( Security And Exchange Commission).
Conclusion
The company was founded in 2013, and after 10year, the company is facing a weak time in the market. Moreover, the company was sued by the SEC(Security and Exchange Commission). And as it is clear enough that the investors and CEOs of leading cryptocurrencies are halting their services. The market is believed to continue for a few more months, and unprecedented growth will be seen in the upcoming 12 months.
Source: https://www.thecoinrepublic.com/2022/07/20/jed-mccaleb-the-co-founder-of-ripple-earned-billion-on-selling-his-xrp-tokens-reports/