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Jul 18, 2022
by Usha Yadav
Jed McCaleb Empties XRP Wallet After An Eight-Year Selloff
Table of contents
Jed McCaleb, the former founder of Ripple Labs, has finally stopped selling off all but 46.7 of his XRP assets, which are now resting in his infamous "taco stand" wallet. The former founder of Ripple carried out his final outgoing XRP transfer on July 17 at 6:31 am (UTC), for 1.1 million XRP (worth $394,742.18), according to blockchain explorer XRP Scan.
XRP Final Sell-Off
The Crypto Town Crier
On Friday, some were made to assume by a parody piece from "The Crypto Town Crier" that McCaleb had chosen to hold onto his final five million XRP. McCaleb, who has sold multiple billions of XRP since leaving Ripple in 2014, claimed he suddenly realized he couldn't let the last of his assets go on Thursday night after waking up in a cold sweat. "Where truth counts more than accuracy" is the slogan of the parody news website The Crypto Town Crier.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.