ripple transfers million usd XRP

100 Million XRP was transferred to Ripple Co-founder Jeb McCaleb from Ripple Lab’s wallet address, as reported by the Whale Alert twitter account. Many are investors are worried about a potential sell-off which could drive the price down below its current rate of $0.26.

Jed Who?

Jed McCaleb is currently the CTO of Stellar, the twelfth largest cryptocurrency by market cap. Previously, he also worked as the CTO of Ripple Labs. He left the company in 2013 to start the Stellar Development Foundation.

He also is the founder of the infamous MtGox Bitcoin exchange, launching the site in 2010 to process Bitcoin to dollar trades. He later sold the company to Mark Karpeles in 2011 and retained some ownership until the collapse of the exchange in 2014.

McCaleb has been selling off his massive XRP holdings over the past few years. Early in…

Click to continue reading on its source location…