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XRP Co-Founder Cashing Out Huge Amounts

XRP co-founder McCaleb kept cashing out XRP in May however, he still holds plenty.

The live XRP price today is $0.989327 with a 24-hour trading volume of $3,199,841,760. XRP is up 4.49% in the last 24 hours. The current CoinMarketCap ranking is #7, with a live market cap of $45,658,425,005 USD. It has a circulating supply of 46,151,013,329 XRP coins and a max. supply of 100,000,000,000 XRP coins.

The data on XRPSCAN, an XRP data provider, shows that McCaleb with username ~tacostand still has 600,991,880.44593 XRP in his account.xrp Scan

McCaleb’s huge XRP sales did not stop even after Ripple ensured a major sell-off over the U.S. Securities and Exchange Commission’s (SEC’s) lawsuit last year. Of note, the SEC filed a lawsuit against Ripple’s allegedly 1.3 billion unregistered securities. Considering an average price of $0.98, McCaleb has recently sold XRP worth $433 Million.

Undoubtedly, such huge cashouts have hurt the growing price of XRP and BTC fall has impacted the price. Surprisingly, there are still people who believe in XRP. Former U.S. Treasurer Rosie Rios Aims to Break ‘Glass Walls.

She said,

I chose Ripple because I strongly believe it is one of the few cryptos providing a legitimate and credible form of facilitating cross-border payments in a way that’s never been done before.

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XRP price is strengthening again after a major nose dive and this week looks promising as the 1D time Chart is following EWA 3 technically.

This is not Financial Advice.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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