Ripple co-founder Jed McCaleb sells all of his XRP holdings, says Ripple

Official confirmation from Ripple that Jed McCaleb has sold all of his XRP holdings



A co-founder of the blockchain company Ripple, Jed McCaleb, has liquidated all of his XRP shares, the company has officially acknowledged.


"Tacos anyone? JK the stand is closed," Ripple CEO Brad Garlinghouse tweeted.



Before that, people on social media began talking about how McCaleb eventually spent all of his money on Sunday following an eight-year sell-off.


Along with his co-founders, the American businessman received 9 billion units of XRP in 2012. McCaleb announced in June 2013 that he will begin selling his XRP stockpile "as soon as possible" after leaving the firm.


He ultimately came to a deal with Ripple to sell his remaining tokens based on the amount of daily transactions. According to reports, 70% of McCaleb's sales occurred after the United States.


The company was sued by Securities and Exchange for allegedly making illegal XRP sales. According to the release, McCaleb also made the decision to divide his Ripple shares.

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