Jed McCaleb Empties XRP Wallet After An Eight-Year Selloff

Jed McCaleb, the former founder of Ripple Labs, has finally stopped selling off all but 46.7 of his XRP assets, which are now resting in his infamous “taco stand” wallet. The former founder of Ripple carried out his final outgoing XRP transfer on July 17 at 6:31 am (UTC), for 1.1 million XRP (worth $394,742.18), according to blockchain explorer XRP Scan. The moment we have all waited for is finally upon us. @JedMcCaleb has finally emptied his taco stand. His dumping of $XRP is now over after many years. Party time!!! 🎉🎉🎉 https://t.co/lS9kfCf98A — Rob XRP ☀️ (@robxrp1) July 18, 2022 XRP Final Sell-Off After a few hours, the account showed an “ACCOUNT DELETE” transaction, indicating that it would be deleted from XRP’s ledger. The transaction completes a 9 billion XRP selloff McCaleb started in 2014 after leaving Ripple Labs to co-found the competing Stellar payment technology. The crypto community has welcomed McCaleb’s releases throughout the past eight years, making up about 18.6% of the total XRP quantity currently in circulation. XRP whale, an advocate for XRP, tweeted to his 57,500 followers that it is now possible to own more XRP than McCaleb after the final selloff. BREAKING: Recently Jed McCaleb has sold off his remaining 5M $XRP. You now own more XRP then him😎#XRP 🚀🌕 — XRP whale (57.5k Followers) (@realXRPwhale) July 17, 2022 The Crypto Town Crier On Friday, some were made to assume by a parody piece from “The Cry...