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2019-09-09 18:35:51




News

Ripple transferred 100 million XRP to former CTO Jed McCaleb

Pump or Dump

min to read

2019-09-09 18:35:51

Ripple transferred 100 million XRP (about $ 26 million) to its former Chief Technology Officer Jed McCaleb.

Ripple transferred 100 million XRP (about $ 26 million) to its former Chief Technology Officer Jed McCaleb.

 

 

Many XRP holders fear that such a large transfer may negatively affect the price of a coin. McCaleb can simply withdraw the received cryptocurrency into fiat or use it to promote Stellar, where to he moved to the position of CTO in 2013.

 

 

 

McCaleb is also associated with the infamous cryptocurrency exchange Mt. Gox – he is the founder of the platform, however, he sold it to Mark Karpeles in 2011 and kept certain rights of the owner until its collapse.

 

Ripple already tried to stop McCaleb from selling his “founder coins,” which are the subject of an agreement between him and the company.

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