Co-founder of XRP Ledger and founder of Stellar Jed McCalebIn an interview with CTC News reporters on Friday, McCaleb stated that he will not sell the last 5 million XRP he has, and stated that he will keep the last remaining tokens for the future of his family, and McCaleb also made very ambitious predictions.
I Quit Eight Years of Dumping!
The former CTO of Ripple, who stated that he will no longer continue an endless dumping (meaning reducing his holdings) for more than eight years, announced that he previously had 9 billion XRP in total, but after selling the majority, it fell to 5 million and will no longer sell.
“If you look at it this way, it would be really stupid of me to sell it all. Think about it, what would happen if the price per XRP really went up to $589? Of course I’d be RICH! – Jed McCaleb.”
A few days ago, XRPscan his wallet had shrunk to a balance of 2.77 million XRP, but McCaleb added another 2.8 million XRP soon after, once again approaching the levels he stated in the interview.
Ripple and SEC Litigation: Significant Developments Underway
As Koinfinans.com previously reported, Magistrate Sarah Netburn rejected the US Securities and Exchange Commission’s “attorney-client privilege” claims in the ongoing Ripple and SEC lawsuit.
The judge insisted that all documents must be submitted, as the SEC official tried to trigger attorney-client privilege to hide documents related to William Hinman’s speech once again.
The judge, on the other hand, called the SEC’s behavior “hypocritical” because the commission continued to argue that the talk was irrelevant to crypto regulation and that Hinman had sought legal advice from the SEC counsel.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.