XRP Ledger co-founder and Stellar (XLM) founder Jed McCaleb announced in a Zoom conversation with CTC News reporters on Friday that he will not sell his last 5 million XRP, while the remaining tokens will be a kind of security for his family.
McCaleb Ends Eight-Year Ripple (XRP) Selling Series
The company’s former CTO explained that what seemed like an endless dumping frenzy since a little over eight years ago has come to an end as only five million XRPs remain out of a total of nine billion XRPs.
In an interview with CTC News reporters, McCaleb said the following about not selling his latest coins:
“If you think about it, it would be really stupid of me to sell it all, so what if XRP really goes up to $589 per coin? I can be RICH!”
A few days ago, when the famous CTO’s Ripple wallet was examined, it was seen that 2.77 million XRP remained. However, McCaleb then bought another 2.8 million XRP. McCaleb said he woke up at night in cold sweats and realized he couldn’t let go of all his being.
The Stellar founder continued his famous executive statements as follows:
“I don’t know, maybe this inflation in the US is due to gas prices, but I had a feeling that not selling my XRP tokens would give me and my family more reassurance.”
According to his agreement with Ripple, Jed McCaleb had been receiving a large amount of token payments from his former company for years and offered them for sale as soon as he received them.
*Not investment advice.