So far, McCaleb, Ripple’s first chief technology officer, has sold around 265 million XRP from its cold store in May. Jed McCaleb with Chris Larsen has moved nearly 265 million XRP from his electronic address to sale in the past 20 days. Additionally, he still has around 400 million XRP in his “Taco Stand” wallet and his net worth has just dropped 27%.
Ripple’s co-founder sold 80.4 million XRPs last week. This week he’s been selling 10,008,592.270000 XRP a day, a little over 60 million total. According to XRPscan, Jed McCaleb has made 20 payments totaling 10 million, 13.4 million and 17.3 million XRP since May 2, after receiving 442,127,865 XRP from a Ripple account.
McCaleb currently has 399,263,523,855929 XRP in his “Tacostand” wallet. At the current exchange rate of $ 1.12, this equates to approximately $ 449,116,308.
Between May 10 and May 19, when the crypto market was in full swing, 11 Bitcoin billionaires were able to cut their fortunes significantly. In those days, Jed McCaleb’s net worth is also down 27% from $ 6 billion to $ 4.4 billion in XRP.
Chris Larsen was among him too, and her XRP net worth is down 19% and 27%, respectively. Larsen had a loss of $ 1.3 billion and McCaleb a loss of $ 1.6 billion. Brian Armstrong, CEO of Coinbase, the Winklevoss twins, Barry Silbert and others are among them who have badly lost their fortunes, but the CZ, the founder and CEO of Binance, had no financial losses in its 1.9 billion fortune U.S. dollar.
The amount of XRP traded per day by Ripple’s “defective” co-founder has decreased every week. He started the month of May selling 17,301,056 XRPs. It was 13.4 million the second week and is currently 10 million. Additionally, he started selling 12,093,062 XRP every day in April and then started depositing 8,399,180 XRP every day.
XRP current ranking
XRP is ranked 6thth Cryptocurrency. Its value is currently at $ 1.12, up 4.14%. In the past 24 hours, the trading volume was $ 9,793,947,381, along with a market cap of $ 51,832,936,501. At the time of this writing, the maximum and total supply is 46.14 billion XRP, 100,000,000,000 and 99,990,461,026, respectively.
According to blockchain researcher and analyst Leonidas Hadjiloizou, who expects McCaleb to run out of XRP fortunes in early September, McCaleb’s initial nine billion XRP cache has steadily decreased.