Jed McCaleb allegedly has 114 million XRP remaining
According to data provided by Jed Balance, a website dedicated to monitoring the XRP balance of Jed McCaleb, the Ripple co-founder and former CTO now has less than 114 million XRP in his wallet.
According to reports, McCaleb began working on Ripple in 2011 and was a member of the company’s founding team when it launched in 2013. He was given 8 billion XRP tokens for his work in creating and starting OpenCoin, which was eventually renamed Ripple, even though he left it in 2014 to focus on Stellar (XLM).
McCaleb has said in the past that he intends to sell the funds he receives on a set schedule. Since then, he has occasionally sold XRP.
Here’s how much is left in his wallet
Jed McCaleb currently has 110,871,334 XRP left in his wallet, according to the website monitoring the former Ripple CTO’s balance.
He should run out in 28, 26, or 30 days, depending on how quickly he sells that amount. The first option requires him to dump 3,718,395 XRP every week, the second requires selling 4,033,827 XRP on average every month, and the third is possible on the condition that McCaleb sells 3,523,447 XRP on average every three months.
However, it appears that the website just displays his current balance and does not account for how much more XRP Ripple still owes its former CTO.
XRP Price Action
After a sharp drop last week, digital assets started to show signs of recovery and XRP soared as high as 16% on June 24. upside down. If the price continues to rise and crosses the MA 50, it could be a sign of the start of a new uptrend. The pair might first gain ground to $0.46 before accelerating towards $0.56.
At the time of publication, the price of XRP was $0.366, up 1.64% over the previous day and 17.40% over the previous week.
