Renowned XRP enthusiast and founder of XRParcade, Leonidas is the voice of former Ripple founder Jed McCaleb. XRP He estimates that he earned $3.09 billion and 708 BTC from the sale of his positions. 80% of sales ($2.56 billion) came after the SEC filed a lawsuit against Ripple.
McCaleb Burden on Ripple (XRP) Community Removed
Former Ripple co-founder and CTO Jed McCaleb has officially sold all XRP holdings.
Meanwhile, XRP expert Leonidas has found in his research that most of MaCaleb’s selling of his massive XRP position occurred after the SEC’s lawsuit against Ripple. Although it is public information, the amount of money the former company official made from XRP sales is quite impressive.
Leonidas, in his statement on Twitter, explained the amount of income the former company founder earned from the XRP token with the following words:
“Now that Jed has finally sold his last XRP, he is estimated to have earned a total of $3.09 billion and 708 BTC since 2014. Most of its sales came after the SEC lawsuit against Ripple, with $2.562 billion cashed after December 22, 2020.”
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. 🌮 pic.twitter.com/PvnoQJEtaz
— Leonidas (@LeoHadjiloizou) July 18, 2022
Whether it was a malicious move by McCaleb to increase sales of XRP just after the SEC investigation began is debatable.
However, McCaleb initially sold XRPs. bitcoin Although he exchanged it with, he seems to have given up on this idea later. McCaleb’s last BTC purchase was in 2014 when the Bitcoin price was $400. If the famous developer did not sell these 708 BTC, their value is at the level of 15.5 million dollars.
*Not investment advice.