• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Monday, October 2, 2023
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Why 2020 was the best year for the fattest XRP whale

29 December 2020
in XRP
Reading Time: 3 mins read
A A
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


Crypto tracking service Whale Alert revealed today that in 2020, co-founder and former CTO of Ripple, Jed McCaleb’s estimated total XRP holdings sales is around $1.2 billion – at $0.20 per XRP. The research team said that this would make Jed McCaleb “the fattest XRP whale” who had “the best year so far, even though Ripple and XRP have faced “turbulent” times, especially in the wake of SEC’s latest lawsuit against the firm. 

Ever since the former exec departed from Ripple, the company has been transferring significant amounts of XRP to McCaleb. This payment is a part of the settlement agreement that compensates him for his role as founder. 

In September 2019, Ripple transferred 100 million XRP to McCaleb’s wallet seen below: 

🚨 🚨 100,000,000 #XRP (26,322,440 USD) transferred from Ripple to Jed McCaleb wallet

Tx: https://t.co/z0hfij5kmE

— Whale Alert (@whale_alert) September 7, 2019

More recently, McCaleb received 133 million XRP (valued at $48,850,963) from Ripple on 23 December, two days after SEC’s lawsuit – after which the former CTO seemed to have suspended his XRP sales:

🚨 🚨 🚨 🚨 133,152,655 #XRP (48,850,963 USD) transferred from Jed McCaleb Settlement to Jed McCaleb wallet

Tx: https://t.co/vgLLx4JlRQ

— Whale Alert (@whale_alert) December 23, 2020

Combined with the remaining 3.274 billion settlement XRP, Whale Alert said McCaleb would now be one of the richest persons in crypto ecosytem.

However, the former CTO claimed that he received 9 billion XRP at the start of the Ripple ledger.

McCaleb sells his XRP actively; Whale Alert team tracked more than 90,000 transactions and found around 8 billion XRP to Ripple, a settlement account, and his personal accounts. The image below indicates the main Ripple addresses involving Jed McCaleb’s activities:

Image Source: Whale Alert

This explains how McCaleb sold 1.2 billion XRP for a total of $411 million at an average sale price of $0.34, in 2020. Over the years, his combined totals for XRP sold for USD are 2.25 billion XRP or $546 million. The image below illustrates the total XRP sold for USD by Jed McCaleb.

Related articles

$ROE is set for 200% growth

$ROE is set for 200% growth

2 October 2023
How Will XRP Price React If Ripple Share Hits $600 After IPO?

How Will XRP Price React If Ripple Share Hits $600 After IPO?

2 October 2023

Image Source: Whale Alert

[crypto-donation-box]

Additionally, McCaleb transferred a significant portion of his assets to Ripple and donated about 140 million XRP. He sold another 19 million XRP in January 2020. 

Cryptohopper
ADVERTISEMENT

McCaleb’s remaining assets are estimated to be 4.7 billion XRP (around 5% of total existing XRP) worth more than $1 billion. Whale Alert believed that it would take the exec two decades to sell all of his XRP at the current price of $0.20.

At press time, XRP was up by 1.4% in the last hour and was trading at $0.18392. However, its price has been down by 36.5% in the 24-hour timeframe.





Source link

Tags: fattestwhaleXRPYear
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Crypto.com to Delist, Suspend XRP in the US After SEC’s Ripple Suit

Next Post

What Are Stablecoins? – CoinDesk

Related Posts

$ROE is set for 200% growth

$ROE is set for 200% growth

2 October 2023
0

SPONSORED POST* The cryptocurrency market recently buzzed with excitement as a significant XRP transaction worth $1.5 million unfolded. This hefty...

How Will XRP Price React If Ripple Share Hits $600 After IPO?

How Will XRP Price React If Ripple Share Hits $600 After IPO?

2 October 2023
0

Recently, the XRP community has been abuzz about how XRP’s price would react in the eventual situation that Ripple goes...

XRP Holders Rejoice as Ripple Places Ad at English Premier League

XRP Holders Rejoice as Ripple Places Ad at English Premier League

2 October 2023
0

Ripple’s ad placement at an unconventional location has caught the attention of the enthusiastic XRP community members. In a recent...

Ripple Locks 800M XRP After Releasing 1B Coins, Price Surges Over 1% in 24 Hours

Ripple Locks 800M XRP After Releasing 1B Coins, Price Surges Over 1% in 24 Hours

2 October 2023
0

Ripple Labs continues its monthly token unlock program, with 800 million XRP deposited in its escrow account shortly after releasing...

XRP Faces Massive Resistance on Its Way Up

XRP Faces Massive Resistance on Its Way Up

2 October 2023
0

Arman Shirinyan Currently trading at $0.51, asset's future trajectory could be heavily influenced by these technical indicators Read U.TODAY on...

Load More
Next Post

What Are Stablecoins? - CoinDesk

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • Altcoins With The Most Potential Stellar (XLM), Solana (SOL) and Shiba Budz (BUDZ)
  • $ROE is set for 200% growth
  • NEOBRED Gets Accepted into Chainlink BUILD Program

Newsletter

  • About Us
  • Privacy Policy
  • Contact Us

© 2022 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$28,318.004.44%
  • ethereumEthereum(ETH)$1,717.652.11%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$218.661.58%
  • rippleXRP(XRP)$0.520.81%
  • usd-coinUSDC(USDC)$1.000.03%
  • staked-etherLido Staked Ether(STETH)$1,716.492.10%
  • solanaSolana(SOL)$24.154.55%
  • cardanoCardano(ADA)$0.2666902.40%
  • dogecoinDogecoin(DOGE)$0.0632751.34%
  • tronTRON(TRX)$0.0890940.46%
  • ToncoinToncoin(TON)$2.04-1.30%
  • Wrapped stETHWrapped stETH(WSTETH)$1,864.880.36%
  • polkadotPolkadot(DOT)$4.220.83%
  • matic-networkPolygon(MATIC)$0.561.61%
  • litecoinLitecoin(LTC)$67.450.92%
  • bitcoin-cashBitcoin Cash(BCH)$253.477.47%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,314.004.30%
  • shiba-inuShiba Inu(SHIB)$0.0000070.80%
  • chainlinkChainlink(LINK)$7.78-2.79%
  • daiDai(DAI)$1.000.00%
  • true-usdTrueUSD(TUSD)$1.000.05%
  • uniswapUniswap(UNI)$4.580.71%
  • leo-tokenLEO Token(LEO)$3.67-0.15%
  • avalanche-2Avalanche(AVAX)$9.620.22%
  • stellarStellar(XLM)$0.1135400.75%
  • moneroMonero(XMR)$147.890.73%
  • okbOKB(OKB)$43.410.23%
  • ethereum-classicEthereum Classic(ETC)$16.601.19%
  • binance-usdBUSD(BUSD)$1.000.10%
  • cosmosCosmos Hub(ATOM)$7.411.35%
  • hedera-hashgraphHedera(HBAR)$0.0512211.93%
  • filecoinFilecoin(FIL)$3.410.98%
  • lido-daoLido DAO(LDO)$1.63-1.67%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • internet-computerInternet Computer(ICP)$3.20-1.02%
  • MantleMantle(MNT)$0.4214976.26%
  • crypto-com-chainCronos(CRO)$0.0514360.60%
  • makerMaker(MKR)$1,482.38-3.53%
  • AptosAptos(APT)$5.550.29%
  • quant-networkQuant(QNT)$90.10-0.10%
  • vechainVeChain(VET)$0.0174891.17%
  • ArbitrumArbitrum(ARB)$0.973.00%
  • optimismOptimism(OP)$1.444.11%
  • nearNEAR Protocol(NEAR)$1.14-0.31%
  • KaspaKaspa(KAS)$0.050375-0.76%
  • aaveAave(AAVE)$69.560.84%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,859.592.09%
  • BSCEXBSCEX(BSCX)$237.190.34%