It seems that we can expect more XRP to be dumped on the market by ex-CTO of Ripple, Jed McCaleb. 100M XRP, valued at more than $26M, was just moved into his wallet.
It’s no secret that McCaleb has been mass dumping his XRP tokens onto the market for almost two years. Even back in September 2018, the Wall Street Journal reported that McCaleb was selling around 40,000 XRP per day, a trend which accelerated as by the end of 2018. In case you don’t know, McCaleb and his children originally owned some 7.3 billion XRP.
Although the mass-selling seemed to subside for much of 2019, it may be back on the agenda for McCaleb. The former CTO just received 100,000,000 XRP ($26.3M) to his wallet. Whale Alert (@whale_alert) reported on the transfer earlier today.