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Ripple<\/a> Co-founder Jed McCaleb will sell out his XRP<\/a> holdings this week, according to a tweet from the founder of XRPArcade, Leonidas, on July 10.<\/p>\n McCaleb would be selling 4.215 million units of XRP per day this week. He would finish selling the remaining 22.16 million XRP on July 16.<\/p>\n Jed will be selling 4.215M XRP per day this week. His 22.161M XRP will run out on Saturday, the 16th of July 2022.<\/p>\n It took Jed 8 years, 1 month, and 25 days since announcing his sales, to finally get rid of his 9B XRP.<\/p>\n Best of luck to Jed. 🌮 pic.twitter.com\/FyrnDHk8Ft<\/a><\/p>\n \u2014 Leonidas (@LeoHadjiloizou) July 10, 2022<\/a><\/p>\n<\/blockquote>\n This means it took him eight years, one month, and 25 days to finish selling his 9 billion XRP holdings.<\/p>\n As of press time, a website tracking McCaleb\u2019s XRP holdings, Jed balance<\/a>, showed that there are less than 18 million XRP tokens left in the wallet, which are worth around $5 million.<\/p>\n The former Chief Technology Officer of Ripple had announced plans to sell all his XRP holdings in May 2014.<\/p>\n While this might mean the end of Jed McCaleb\u2019s association with XRP, his decision to sell continues to raise questions\u00a0<\/span>within the crypto community, with many asking who he was selling to.<\/p>\n But who did he sell to.<\/p>\n \u2014 @nmle (@MurrayEddy1) July 10, 2022<\/a><\/p>\n<\/blockquote>\n Others wonder why the Securities and Exchange Commission (SEC) did not include him in its lawsuit against Ripple and its executives over selling unregistered securities.<\/p>\n Federal regulators have also not attempted to stop him from selling his XRP holdings.<\/p>\n Meanwhile, McCaleb remains an active force in the crypto space. Before Ripple, he was the creator of the Mt Gox exchange, the leading crypto exchange that crashed in 2014 because of a hack.<\/p>\n After leaving Ripple, he launched Stellar (XLM<\/a> ), another payment network.<\/p>\n Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.<\/p>\n On-chain analysis<\/strong><\/p>\n Price snapshots<\/strong><\/p>\n More context<\/strong><\/p>\n<\/div>\n Join now for $19\/month<\/a> Explore all benefits<\/a><\/div>\n<\/div>\n\n
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