BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Stellar Lumens Founder has $81 Million of XRP More to Sell

by Dalmas Ngetich
May 30, 2022 - 12:00 am
in Blockchain
img 20220530 175751 584

Jed McCaleb, the founder of Stellar, has a balance of 220 million XRP to sell. The current worth of his XRP holdings in dollars amounts to $81 million. Data related to Jed’s XRP wallet can be found on Xrpscan. 

20220530 203744

Jed co-founded Ripple in 2011, leaving the founding team about three years later. Despite dropping the mantle with Ripple labs, the blockchain developer has received royalties for his contributions to the project. 

In May 2014, when Jed was leaving Ripple, he made a public announcement that he would be selling his tokens gradually. He was transparent with the community and revealed that he had received almost 9 billion XRP tokens from the project. He also added that some of the tokens received were donated to charities like Literacy Bridge and Give Directly. 

So far, the philanthropist has sold off 464 million XRP tokens at varying prices. Jed McCaleb’s wallet still contains over 200 million tokens that will likely be offloaded in the coming months.

Ripple’s Battle with Value

The XRP token has seen significant highs and lows since its launch in 2012.

In 2020, Ripple was charged to court by the US Securities and Exchange Commission. Ripple was accused of raising billions of dollars through an unregistered asset securities offering. The price of Ripple dipped massively during that period due to fear and uncertainty among XRP holders. 

However, Ripple defended the case well, and the token’s price bounced back from its lowest low. 

Around April this year, Brad Galinghouse, the current CEO of Ripple said the battle with the SEC had gone “exceedingly well.” 

Since that announcement in April, on-chain data reveals that XRP whales have been accumulating the token. In the past eleven days, whales who own between one million to ten million XRP tokens have increased their holdings by 2.4%. XRP currently trades at $0.4, boasting a 4% increase from the previous day.

Tags: CryptoStellarXRP
Dalmas Ngetich

Dalmas Ngetich

His primary focus is on technical analysis (crypto is, obviously, *not* crypto without the twirls of price action), the magic of DeFi, and NFTs. He is specifically training his eyes and effort on DeFi—and how the tech is changing investment, opening up opportunities for everyone—and the possibilities of NFTs.

Related Posts

FSB Chair Klaas Knot speaks in Madrid on crypto's growing risks

FSB Warns Crypto Nearing ‘Tipping Point’ as Stablecoins Deepen TradFi Ties

June 12, 2025

FSB warns crypto could soon pose systemic risks as ETFs and stablecoins deepen its integration into traditional finance...

Interactive Strength partners with Fetch.ai to launch a $500M AI token treasury

Interactive Strength Launches $500M AI Token Treasury in Landmark Fetch.ai Deal

June 11, 2025

Interactive Strength launches $500M AI token treasury with Fetch.ai, aiming to boost shareholder value and bring decentralized AI...

Uniswap price chart displaying breakout from inverse head-and-shoulders pattern with bullish momentum indicators

Uniswap Breaks Out of Inverse Head-and-Shoulders Pattern, Eyes 37% Upside

June 11, 2025

Uniswap breaks out of inverse head-and-shoulders, targets $10.40. Daily volume up 150%, user activity surging amid bullish DeFi...

blockchain

Circle’s Stellar IPO Fuels ProShares and Bitwise ETF Filings Tied to CRCL Shares

June 10, 2025

Circle’s explosive IPO drives ProShares and Bitwise to file CRCL-linked ETFs, reflecting rising institutional demand for stablecoin-linked equities.

Press Releases

image2

Could XYZVerse Overtake DOGE and SHIB? Analysts Say $0.003333 Could Explode to $10!

March 30, 2025

XYZVerse aims to outpace DOGE and SHIB, with bold $10 price goals, strong community rewards, and rising demand as it...

image1 1

Massive Institutional BTC Buys Could Launch the Next Bull Market: 5 Altcoins to Watch

March 29, 2025

Institutional Bitcoin buys may trigger a market surge. Five altcoins, including $XYZ, stand to gain—early investors could see major ROI...

image1

XRP Faces Strong Resistance While XYZVerse Gains Early Investor Attention With 10 Billion $XYZ Airdrop

March 28, 2025

XRP struggles at resistance, while XYZVerse grabs early investor attention with a 10B token airdrop and rapid growth toward a...

BTC

Popular Memecoin MEW Pledges $10,000 to Pasadena Humane Organization to Aid Animals Affected by California Wildfires

January 20, 2025

MEW memecoin donates $10K to Pasadena Humane for wildfire-affected animals. Join the mission to aid pets and wildlife in crisis...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise