• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Jed McCaleb empties XRP wallet after eight-year selloff

Jon Hartney by Jon Hartney
July 18, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

XRP Scan shows the former Ripple founder’s “Tacostand” wallet has only $16 worth of XRP left at the time of writing.

Former Ripple Labs founder Jed McCaleb has finally ended the eight-year dump of his XRP holdings, leaving only 46.7 XRP left sitting in his famed “~tacostand” wallet. 

According to blockchain explorer XRP Scan, the former Ripple founder executed his last outgoing XRP transfer of 1.1 million XRP (worth $394,742.18) at 6:31 am (UTC) on July 17.

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Hours later, the account listed an “ACCOUNT DELETE” transaction, meaning the account will no longer exist on XRP’s ledger.

The transaction marks the end of a 9 billion XRP sell-off initiated by McCaleb after leaving Ripple Labs to co-found rival payment protocol Stellar in 2014.

The amount McCaleb has released over the last eight years represents around 18.6% of the total circulating supply of XRP and has been taken as welcome news by the crypto community.

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 proponent “XRP whale” proclaimed to his 57,500 followers on Twitter that with the final sell-off, one can finally own more XRP than McCaleb.

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

On Friday, a satirical article from “The Crypto Town Crier” led some to believe that McCaleb decided to hold onto his last five million XRP “just in case it moons.”

“McCaleb, who has sold multiple billions of XRP since leaving Ripple in 2014, said he woke up in a cold sweat Thursday night and realized he just couldn’t let the last of his holdings go,” wrote the authors behind the satire piece.

The Crypto Town Crier is a satirical news site with the tagline “Where truth matters more than accuracy.”

Related: Price analysis 7/15: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

The price of XRP is currently sitting at 0.3564, up 0.82% over the last 24 hours. The asset is down almost 90% from its January 2018 all-time high of $3.40. 

Ripple Labs has been embroiled in a lawsuit filed by the Securities and Exchange Commission (SEC) since late 2020, with the latter alleging Ripple and its executives had offered XRP as unlicensed security to investors.

Last week, the SEC suffered a blow in its case against Ripple after a U.S. judge ruled that the SEC must produce internal documents relating to the “Hinman speech,” which could be a pivotal piece of evidence in support of Ripple’s defense.

Should Ripple be successful in arguing that XRP is not a security, some believe this ruling could set a precedent for other similar crypto token issuers while boosting XRP prices.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$22,492.00-3.31%
  • ethereumEthereum(ETH)$1,615.73-3.83%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$319.38-3.80%
  • usd-coinUSD Coin(USDC)$1.000.07%
  • rippleXRP(XRP)$0.390384-2.58%
  • Binance USDBinance USD(BUSD)$1.000.03%
  • cardanoCardano(ADA)$0.380729-4.45%
  • dogecoinDogecoin(DOGE)$0.086315-6.71%
  • matic-networkPolygon(MATIC)$1.24-2.93%
  • OKBOKB(OKB)$42.21-7.62%
  • SolanaSolana(SOL)$22.27-6.77%
  • Lido Staked EtherLido Staked Ether(STETH)$1,612.81-3.85%
  • polkadotPolkadot(DOT)$6.54-5.69%
  • Shiba InuShiba Inu(SHIB)$0.000013-8.60%
  • litecoinLitecoin(LTC)$95.58-5.93%
  • AvalancheAvalanche(AVAX)$19.20-7.43%
  • tronTRON(TRX)$0.064563-2.26%
  • daiDai(DAI)$1.00-0.21%
  • UniswapUniswap(UNI)$6.54-6.09%
  • cosmosCosmos Hub(ATOM)$14.55-3.30%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,475.00-3.25%
  • chainlinkChainlink(LINK)$6.91-4.03%
  • ToncoinToncoin(TON)$2.26-4.94%
  • leo-tokenLEO Token(LEO)$3.36-0.11%
  • ethereum-classicEthereum Classic(ETC)$21.74-5.92%
  • moneroMonero(XMR)$162.65-3.11%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • bitcoin-cashBitcoin Cash(BCH)$127.88-5.71%
  • stellarStellar(XLM)$0.088340-3.95%
  • AptosAptos(APT)$14.22-12.46%
  • Lido DAOLido DAO(LDO)$2.60-0.70%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.47-0.93%
  • CronosCronos(CRO)$0.081016-3.31%
  • ApeCoinApeCoin(APE)$5.50-8.65%
  • QuantQuant(QNT)$134.94-5.23%
  • filecoinFilecoin(FIL)$5.13-7.57%
  • algorandAlgorand(ALGO)$0.269625-4.11%
  • HederaHedera(HBAR)$0.070681-4.66%
  • vechainVeChain(VET)$0.024564-7.07%
  • Internet ComputerInternet Computer(ICP)$5.46-6.95%
  • The GraphThe Graph(GRT)$0.166885-18.04%
  • The SandboxThe Sandbox(SAND)$0.78-11.96%
  • FantomFantom(FTM)$0.491383-15.30%
  • decentralandDecentraland(MANA)$0.73-8.70%
  • Axie InfinityAxie Infinity(AXS)$11.30-2.97%
  • AaveAave(AAVE)$82.65-6.76%
  • eosEOS(EOS)$1.05-5.89%
  • MultiversXMultiversX(EGLD)$44.11-7.80%
  • FlowFlow(FLOW)$1.06-13.02%
  • theta-tokenTheta Network(THETA)$1.09-8.21%
  • tezosTezos(XTZ)$1.17-5.22%
  • FraxFrax(FRAX)$1.00-0.05%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000172-7.12%
  • paxos-standardPax Dollar(USDP)$1.000.83%
  • true-usdTrueUSD(TUSD)$1.00-0.12%
  • Frax ShareFrax Share(FXS)$12.21-3.80%
  • Rocket PoolRocket Pool(RPL)$44.725.15%
  • huobi-tokenHuobi(HT)$5.21-8.49%
  • kucoin-sharesKuCoin(KCS)$8.38-4.52%
  • bitcoin-cash-svBitcoin SV(BSV)$41.84-3.98%
  • havvenSynthetix Network(SNX)$2.56-11.60%
  • ChilizChiliz(CHZ)$0.147927-11.03%
  • Curve DAOCurve DAO(CRV)$1.04-7.17%
  • ImmutableXImmutableX(IMX)$0.95-17.63%
  • PancakeSwapPancakeSwap(CAKE)$4.49-1.85%
  • USDDUSDD(USDD)$0.99-0.11%
  • BitTorrentBitTorrent(BTT)$0.000001-3.01%
  • eCasheCash(XEC)$0.000036-6.59%
  • dashDash(DASH)$61.14-7.59%
  • BitDAOBitDAO(BIT)$0.58-3.42%
  • makerMaker(MKR)$745.57-8.15%
  • iotaIOTA(MIOTA)$0.235130-6.74%
  • Mina ProtocolMina Protocol(MINA)$0.76-12.87%
  • GateGate(GT)$4.30-3.72%
  • KlaytnKlaytn(KLAY)$0.200617-7.10%
  • neoNEO(NEO)$8.78-4.49%
  • Trust WalletTrust Wallet(TWT)$1.48-7.02%
  • OsmosisOsmosis(OSMO)$1.08-2.54%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.15%
  • cUSDCcUSDC(CUSDC)$0.022440-1.28%
  • OKCOKC(OKT)$31.31-2.39%
  • ArweaveArweave(AR)$11.09-14.43%
  • OptimismOptimism(OP)$2.57-16.68%
  • zcashZcash(ZEC)$43.09-7.50%
  • cDAIcDAI(CDAI)$0.021800-1.56%
  • THORChainTHORChain(RUNE)$1.79-8.34%
  • Tokenize XchangeTokenize Xchange(TKX)$6.73-1.49%
  • GMXGMX(GMX)$62.97-11.08%
  • Baby Doge CoinBaby Doge Coin(BABYDOGE)$0.000000-5.49%
  • singularitynetSingularityNET(AGIX)$0.427181-32.99%
  • RadixRadix(XRD)$0.050060-0.72%
  • PAX GoldPAX Gold(PAXG)$1,866.320.25%
  • RenderRender(RNDR)$1.60-24.47%
  • enjincoinEnjin Coin(ENJ)$0.473258-8.53%
  • cETHcETH(CETH)$32.94-2.24%
  • zilliqaZilliqa(ZIL)$0.028884-6.69%
  • Tether GoldTether Gold(XAUT)$1,867.44-0.85%
  • Fetch.aiFetch.ai(FET)$0.439217-24.48%