Ex-CTO Ripple Jed McCaleb receives another 64 million XRP from the company
Ripple co-founder and former technical director, Jed McCaleb, has almost 64 million XRPs at his disposal. This is evidenced by the Whale Alert.
According to the service, on Wednesday night 63,704,590 XRPs worth about $ 12 million were transferred from McCaleb's account to his personal wallet.
As noted by Whale Alert, this transfer was made as part of an agreement between Ripple and McCaleb. Such periodic payments are most often immediately available on exchanges, where they are supposedly liquidated for fiat currency. Analysts previously estimated that in this way McCaleb had already sold more than 1 billion XRP, but most of the assets owed to him are still waiting in the wings.
McCaleb himself, commenting on the observations of analysts, said: “I was transparent from the very beginning. The market has known for several years that I sell my XRP slowly and continuously. My investment decisions are not based on the desire to negatively affect other companies in the industry. I think history to this day demonstrates that the market has not been subjected to any influence, and I see no reason to change the current situation. ”
McCaleb was at the forefront of the existing XRP system but decided to leave the project and engage in the development of Stellar, concluding an agreement with Ripple, according to which he regularly receives payments from the company.
After the collapse to $ 0.12 in mid-March, XRP is gradually recovering along with the wider cryptocurrency market and today it is trading around $ 0.20.
Ripple co-founder and former technical director, Jed McCaleb, has almost 64 million XRPs at his disposal. This is evidenced by the Whale Alert.
According to the service, on Wednesday night 63,704,590 XRPs worth about $ 12 million were transferred from McCaleb's account to his personal wallet.
As noted by Whale Alert, this transfer was made as part of an agreement between Ripple and McCaleb. Such periodic payments are most often immediately available on exchanges, where they are supposedly liquidated for fiat currency. Analysts previously estimated that in this way McCaleb had already sold more than 1 billion XRP, but most of the assets owed to him are still waiting in the wings.
McCaleb himself, commenting on the observations of analysts, said: “I was transparent from the very beginning. The market has known for several years that I sell my XRP slowly and continuously. My investment decisions are not based on the desire to negatively affect other companies in the industry. I think history to this day demonstrates that the market has not been subjected to any influence, and I see no reason to change the current situation. ”
McCaleb was at the forefront of the existing XRP system but decided to leave the project and engage in the development of Stellar, concluding an agreement with Ripple, according to which he regularly receives payments from the company.
After the collapse to $ 0.12 in mid-March, XRP is gradually recovering along with the wider cryptocurrency market and today it is trading around $ 0.20.