Jed McCaleb’s XRP Balance now below 100 Million. May Run Out Of XRP in Less Than 30 Days

[solodeji]

Recent data has shown that Jed McCaleb, the co-founder and formal CTO at Ripple, now has less than 100 million XRP in his wallet.

McCaleb’s XRP sales can be monitored via XRP Scan.

Number of XRP Left in Jed McCaleb’s Wallet

According to the data provided by the platform mentioned above, Jed McCaleb now has a total of $96,199,400 worth of XRP in his wallet.

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The information found on the website monitoring his sales revealed that he has consistently been selling XRP tokens in his wallet since the 28th of May 2022. The data also shows that he has sold the sum of 7,335,966 XRP today 27th of June 2022.

Depending on how quickly he sells the XRP tokens left in his wallet, he could run out of XRP in less than 30 days. The first option requires him to sell 3,718,395 XRP every week, the second option says he can sell 4,033,827 XRP on average every month, and the third requirement is possible if he sells 3,523,447 XRP on average every three months.

https://timestabloid.com/jed-mccalebs-xrp-balance-now-below-100-million-may-run-out-of-xrp-in-less-than-30-days/

[QuestionMark]

I don't see what the fuss is all about. Yes, it is some sort of a milestone if you want to look at it that way, but I can't see this being anything but a psychological thing at best. Ostensibly his sales had no impact on anything whatsoever, why would his running out now all of a sudden be of any relevance?

[jn_r]

It's finally closure of events happening already 8 years ago: https://www.coindesk.com/markets/2014/08/14/jed-mccaleb-ripple-labs-strike-deal-to-avoid-9-billion-xrp-sell-off/

It will not have much difference on the price, but for those who held XRP in the time and were there to experience it, it will feel pretty much historic.

Btw. in that time the price was $0.006 and I can remember Jed pushing the price to $0.002 ;-) We've come a long way since

https://xrpcharts.ripple.com/#/markets/XRP/USD:rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B?interval=30m&range=custom&type=candlestick&start=2014-05-20&end=2014-05-26

[Benchmark]

One of the few people that should be genuinely happy with crypto. 

[DavyJones]

On 6/27/2022 at 12:42 PM, QuestionMark said:

this being anything but a psychological thing

You already answered your own question. Markets are all about psychology. If it has any meaningful impact remains to be seen, but I doubt it.

Edited June 28, 2022 by DavyJones
typo

[QuestionMark]

Just realised I am being silly about the numbers.

Time will tell what will change if anything will change at all.

Edited June 28, 2022 by QuestionMark