Former Ripple Executive Jed McCaleb Sells 38 Million XRP Tokens

By: Mark Jessy

February 15, 2021 11:24 PM

Jed McCaleb a former Ripple executive in recent weeks has reportedly been on a selling spree of XRP Tokens.

McCaleb who's sale of XRP tokens is being monitored by the public. On Sunday, he dumped another $22 million worth of XRP tokens just after selling 95 million XRP last week.

The Ripple Cofounder has been constantly dumping his ripple bags from late December 2020.

The Cofounder Sold 38 million XRP tokens on Valentine’s Day. The 'Tacostand' wallet speculated to be owned by McCaleb contains 2.896 billion XRP according to data from xrpscan.com which was also used to track the recent sale of XRP.

The first two weeks of February 2021 has seen McCaleb kept his sale of XRP going. Although it has not have a negative effect on the price of XRP tokens has experienced a spike in last 14 days.

The Cofounders sale have followed the recent question surrounding Ripple Labs after the U.S SEC lawsuit against the company which could eventually brand XRP tokens as securities.