Ripple co-founder Jed McCaleb sold XRP for more than $ 11 million in Marchadmin
A report published by The CryptoAssociate reveals that Jed McCaleb, co-founder of Ripple, continues to liquidate his detained XRP. Based on McCaleb’s address business, he sold 54 million XRPs in March. These cryptocurrencies are worth around $ 11.7 million.
McCaleb co-founded OpenCoin in 2012, which later became Ripple. He received 9.5 billion XRPs from the initial issue of 100 billion coins.
To avoid the collapse of the XRP price, McCaleb negotiated a seven-year agreement with Ripple, which limited its monthly and annual sales.