Ripple co-founder Jeb McCaleb’s “XRP dumping” has been on pause for the last 3 months

HeadlinesNewsRipple co-founder Jeb McCaleb’s “XRP dumping” has been on pause for the last 3 months

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Ripple co-founder Jeb McCaleb’s “XRP dumping” has been on pause for the last 3 months

CryptoSlate11 days ago
Published on November 25, 2021 23:00 GMT+00:00edited on November 27, 2021 04:59 GMT+00:00

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According to the website jed.tequ.dev, Ripple co-founder Jeb McCaleb hasn’t sold any XRP since the end of August this year. Making this one of the most prolonged periods in which he hasn’t offloaded his holdings.

The data shows the last sale took place 12 weeks ago, where he transferred just under eight and half million XRP to Bitstamp to sell.

What’s the story with XRP dumping?

Jeb McCaleb is a prominent figure in the crypto industry, having co-founded Ripple in 2011 while also creating the Mt. Gox exchange.

McCaleb was Ripple’s first-ever CTO, but disagreements with fellow co-founders saw him leave in 2013. It’s reported that inappropriate relations with a Ripple Labs employee, Ms. Kim, and her subsequently leaving caused a rift in …