SNEAK PEEK
- Jed McCaleb’s tacostand wallet has only 46.7 XRP remaining.
- The account will not remain on the XRP ledger.
- After leaving Ripple in 2014, McCaleb has sold numerous billions of XRP.
The eight-year dump of Jed McCaleb’s XRP holding has finally ended. As a result, only 46.7 XRP are remaining in his tacostand wallet.
According to XRP Scan, on July 17, McCaleb performed the last outgoing XRP transfer of 1.1 million XRP at 6:31 am (UTC). After certain hours, the account listed an “ACCOUNT DELETE” transaction. Having said that, the account won’t exist on the XRP ledger anymore.
With the transaction, a 9 billion XRP sell-off has ended.
The amount that has been released represents about 18.6% of the total circulating supply of XRP.
The moment we have all waited for is finally upon us. @JedMcCaleb has finally emptied his taco stand. His dumping of $XRP is now over after many years. Party time!!! 🎉🎉🎉 https://t.co/lS9kfCf98A
— Rob XRP ☀️ (@robxrp1) July 18, 2022
XRP whale has revealed on Twitter that possessing more XRP than McCaleb is possible with the final sell-off.
BREAKING: Recently Jed McCaleb has sold off his remaining 5M $XRP. You now own more XRP then him😎#XRP 🚀🌕
— XRP whale (57.6k Followers) (@realXRPwhale) July 17, 2022
The current price of XRP is 0.3564, up 0.82% during the past 24 hours. Compared to its January 2018 all-time high of $3.40, it is down by about 90%.
On the ground of offering XRP as unlicensed security to investors, Ripple Labs has been embroiled in a lawsuit filed by the Securities and Exchange Commission (SEC).
If Ripple succeeds in arguing that XRP isn’t a security, prices of XRP might boost up and the verdict could set an example for other crypto token issuers.
