Ripple co-founder Jed McCaleb sold $400 million worth of XRP in 2020 By Cointelegraph


Ripple co-founder Jed McCaleb sold $400 million worth of XRP in 2020

Stellar CTO and architect Jed McCaleb cashed out a whopping $411 million in XRP in 2020, according to an updated report from blockchain analytics account Whale Alert.

McCaleb sold 1.2 billion XRP throughout the year at an average price of $0.34 per coin — amassing close to half a billion dollars. The sum reportedly represents 27% of McCaleb’s XRP stash that is held in a settlement account with Ripple Labs, and marks a sharp acceleration of his sales to date. He sold roughly one billion XRP in the five years between 2014 and 2019.