Ripple Co-Founder Sells Of His XRP Holdings Worth $175 Million

What Happened To Cryptocurrency today

'There are 3 eras of currency: Commodity based, politically based, and now, math based.'

                                                                                     -Chris Dixon, Co-founder of Hunch

Checkout the latest breaking crypto news about Ripple, where Jed McCaleb, Co-Founder of Ripple sells of his XRP Holdings Worth $175 Million. 

An ongoing report uncovered that Jed McCaleb, fellow Co-Founder of Ripple, has sold over $175 Million worth of XRP tokens, an absolute saw since 2016. To be exact, the Co-Founder has auctions off around 819 Million XRP's as indicated by the exploration report. The ownership of such assets identifies with the period when McCaleb granted with 9 Billion XRP. McCaleb granted for Co-Founding OpenCoin, an association known under the name Ripple.

The Ripple, Co-Founder off-stacked over $26 Million worth of XRP in the first Quarter of 2020. A sum accounted to be the biggest when contrasted with the last five quarters. The most noteworthy deal at any point made was in the fourth Quarter of 2018, when around $36 Million worth of XRP sold. On an examination with the deal pace of the parent organization, Ripple sold just $1.75 Million worth of token in the first quarter of 2020 when contrasted with its deals in the fourth quarter of 2019 where around $13.08 Million worth of the tokens sold-out.

Continue Reading XRP Co-Founder’s Latest Comments And Why He Selled Of Such A Huge Amount.


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