According to the data analysis specified by XRP, XRPScan, co-founder of Jed McCaleb and former chief technology officer at Ripple, currently has $ 1,063,965,720 worth of XRPs in all of its wallets.
According to data recently shared by XRPScan, Jed McCaleb currently has 821,725,562 XRPs in his wallet, which is over $ 1 billion and sixty-three million dollars[$1,063,965,720].
How long it would be before McCaleb’s remaining XRPs took off
Data also showed how McCaleb was able to sell all of his remaining XRPs. If McCaleb gave in 2,739,898 XRPs per week, he would run out of tokens for the next 298 days. Second, if he decides to sell an average of 3,598,688 XRPs per month, he would be done with the remaining 821,725,562 XRPs in the next 227 days. In the last scenario, it would only take 110 days for the remaining XRPs to go away if an average of 7,383,231 McCaleb XRPs were sold every three months.
As a result of the last release of 182,370,308 XRPs by Ripple to its co-founder on August 1st, McCaleb’s most famous wallet “Tacostand” now holds just over 646,862,695 XRPs. It is not that the “Tacostand” wallet is only used to receive releases from Ripple, but it has also been shown that McCaleb moves XRPs from his other wallets to “Tacostand” from time to time. As at the beginning of this month, McCaleb transferred 23.6 million XRPs from rLkMJhSVwhmummLjJPVrwQRZZYiYQhVQ1A wallet to “tacostand”.
Ripple-McCaleb XRP sales scheme
Additionally, the data showed that McCaleb had sold 91.2 million XRP tokens, the equivalent of $ 116,897,636, in the past three weeks. The data didn’t include the other releases from Ripple to McCaleb, as Ripple still owes its co-founder millions of XRPs.
After he left Ripple, a scheme was agreed between Ripple and McCaleb according to which he was only allowed to sell XRPs worth $ 20,000 in the first week of the second, third and fourth year after the decision on the scheme. Later in the fifth and sixth years, he could sell $ 750 million in XRPs a year, and by the seventh year the amount rose to $ 2 billion annually.