Jed McCaleb, the former founder of Ripple Labs, has finally stopped selling off all but 46.7 of his XRP assets, which are now resting in his infamous "taco stand" wallet. The former founder of <a href="https://www.cryptoknowmics.com/news/ripple-xrp-sees-massive-surge-in-trading-volume-amid-ongoing-lawsuit/" target="_blank" rel="noopener">Ripple</a> carried out his final outgoing XRP transfer on July 17 at 6:31 am (UTC), for 1.1 million XRP (worth $394,742.18), according to blockchain explorer XRP Scan.

https://twitter.com/robxrp1/status/1548842023335215105
<h2>XRP Final Sell-Off</h2>
After a few hours, the account showed an "ACCOUNT DELETE" transaction, indicating that it would be deleted from XRP's ledger. The transaction completes a 9 billion XRP selloff McCaleb started in 2014 after leaving Ripple Labs to co-found the competing Stellar payment technology. The crypto community has welcomed McCaleb's releases throughout the past eight years, making up about 18.6% of the total XRP quantity currently in circulation. <a href="https://twitter.com/realXRPwhale" target="_blank" rel="nofollow noopener">XRP whale</a>, an advocate for XRP, tweeted to his 57,500 followers that it is now possible to own more XRP than McCaleb after the final selloff.

https://twitter.com/realXRPwhale/status/1548761091752316929
<h2>The Crypto Town Crier</h2>
On Friday, some were made to assume by a parody piece from "The Crypto Town Crier" that McCaleb had chosen to hold onto his final five million XRP. McCaleb, who has sold multiple billions of XRP since leaving Ripple in 2014, claimed he suddenly realized he couldn't let the last of his assets go on Thursday night after waking up in a cold sweat. "Where truth counts more than accuracy" is the slogan of the parody news website The Crypto Town Crier.

Jed McCaleb Empties XRP Wallet After An Eight-Year Selloff

Jed McCaleb has finally stopped selling off all but 46.7 of his XRP assets, which are now resting in his infamous "taco stand" wallet.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Jed McCaleb Empties XRP Wallet After An Eight-Year Selloff

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