Ripple Labs co-founder Jed McCaleb has continued the sale of his XRP stash with the recent sale of 28.6 million tokens on Monday after a 25-day pause.
Jed McCaleb’s latest 28.6 million XRP sale from his “tacostand” wallet is worth $8.78 million.
According to tweets by crypto researcher Leonidas Hadjiloizou, Jed had temporarily halted the sales of his XRP reserve after the announcement of the lawsuit filed against Ripple by the SEC.
The SEC accused Ripple Labs and its co-founders of illegally raising $1.3 billion in ongoing, unregistered securities sales since 2013.
Hadjiloizou went further to drop the link to XRP Chat, the trading platform where the transaction took place. “Jed’s XRP is being sold on the XRPL DEX,” he tweeted.
The current price of bitcoin is $36,988.43, climbing up by 0.29% in the last 24 hours. Bitcoin has a current market cap of $688.13B and market volume of $53.44B. In the last 24 hours, bitcoin has dropped to $35,466.02 and experienced a $37,567.15 high. Currently, 18,604,718.75 bitcoins are in circulation.
Stats and Image from Coin Desk
Hadjiloizou also added that Jed had paused the sales of XRP in the past. He tweeted that “Jed had paused his sales in the past, to allow a charity he had donated XRP to, to sell. This time, however, he paused his sales right after the lawsuit. There is no way to know why he resumed. He could have waited for some advice from his lawyers or for a million other reasons.”
Jed McCaleb is the co-founder and chief technology officer at Stellar Development Foundation, but before then, he served as the CTO of RippleLabs, a company he co-founded.