$94,634.00
-1.16%$1,826.24
-0.52%$2.18
-1.12%$592.05
-0.73%$146.55
0.64%$1.00
0.01%$0.173545
-0.69%$0.687975
-1.14%$0.248026
-0.23%$1,825.49
-0.54%$94,619.00
-1.00%$3.44
6.33%$14.08
-0.12%$9.09
1.31%$19.97
-1.09%$0.267968
-0.59%$1.00
0.00%$0.00001295
-0.55%$2,183.97
-1.05%$3.03
-2.13%$0.177559
-1.19%$359.71
0.06%$20.68
0.83%$89.08
3.42%$3.98
-0.72%$1,825.92
-0.64%$1.001
0.03%$276.73
-0.08%$4.32
-0.98%$1.00
-0.03%$0.592152
0.40%$1,939.87
-1.15%$28.58
-0.25%$94,733.00
-0.94%$0.00000833
1.98%$5.16
0.15%$363.73
4.39%$1.05
0.03%$51.04
-0.26%$5.09
0.40%$2.39
-0.96%$1.00
0.00%$0.885403
1.54%$180.26
1.85%$21.43
-0.82%$0.088665
0.83%$4.67
0.19%$16.14
-1.72%$0.093108
1.10%$0.721566
-1.83%$29.57
-4.48%$4.47
-0.51%$11.15
-0.22%$0.02553304
-0.89%$0.999981
0.01%$0.23386
1.65%$1.17
-0.03%$95,039.00
-0.27%$4.15
-0.48%$4.28
-0.19%$2.65
0.28%$0.203779
-0.35%$0.670378
-2.60%$0.290792
-0.31%$0.522565
-2.32%$2.44
0.73%$0.31984
0.35%$4.10
0.07%$0.998136
0.01%$94,400.00
-0.90%$10.75
-0.01%$0.00001729
5.92%$1,557.12
2.37%$0.960246
0.97%$0.435372
2.46%$0.01991247
5.59%$85.91
0.43%$1.23
-3.44%$153.92
0.76%$1.83
10.51%$0.776339
-1.43%$0.678082
-0.49%$1.12
2.30%$1,826.77
-0.49%$0.069963
-4.97%$0.710903
-0.63%$1.00
0.11%$0.205761
-0.63%$1,899.90
-0.75%$0.569166
1.83%$3.77
3.30%$9.60
0.34%$0.693497
-0.46%$0.999659
0.01%$1.00
0.04%$0.091129
-0.39%$592.01
-0.73%$2,061.65
-0.98%$14.41
-0.55%$3,275.86
0.72%$1.00
0.01%$2.73
2.02%$3,279.82
0.87%$0.206918
1.72%$0.01589168
-0.84%$0.767234
12.45%$188.97
0.65%$0.608338
10.26%$94,754.00
-1.11%$37.79
2.08%$0.00007704
0.10%$162.00
0.58%$95,002.00
-1.17%$0.815359
-0.57%$93,778.00
-1.40%$0.703208
0.17%$3.85
1.64%$0.00000071
-3.36%$0.01566928
1.74%$0.0109933
9.55%$1,946.58
-0.42%$3.25
-0.15%$0.278555
-0.43%$0.112618
-2.61%$0.998229
0.03%$1.001
0.26%$1.95
-0.89%$1.11
0.22%$18.00
-5.50%$0.374542
-0.09%$1,910.46
-0.50%$36.18
4.10%$0.540291
-2.22%$0.01672584
-3.66%$0.056493
-0.83%$0.559755
-0.59%$0.297043
-0.08%$1.00
0.01%$3.26
-0.06%$1.62
0.59%$0.633735
-0.69%$0.0055327
-3.47%$0.138601
-3.34%$0.00881199
0.85%$97,233.00
-0.05%$0.532232
2.47%$0.999232
0.09%$1,909.65
-0.60%$0.193773
3.69%$94,655.00
-0.88%$0.439039
5.16%$7.25
-0.67%$0.065396
-2.11%$1.00
0.00%$110.92
0.00%$0.594839
-1.07%$0.392332
-3.40%$92,681.00
-1.10%$16.00
1.93%$0.17371
-0.60%$1.26
-3.96%$94,379.00
-0.84%$0.00002165
1.66%$0.16884
0.28%$0.135379
2.55%$1,826.33
-0.47%$0.00000042
0.03%$1.085
0.01%$1.001
0.04%$5.71
-0.95%$0.497249
-0.29%$1,826.55
-0.58%$0.00751188
4.20%$1.42
-4.39%$1,944.11
-0.46%$1.59
10.41%$0.233956
1.69%$2.36
-0.62%$0.395027
-5.25%$0.03958136
-0.24%$0.00545837
13.48%$1,826.40
-0.54%$0.072776
-0.73%$0.381589
5.40%$1.38
3.54%$0.079643
0.60%$1,823.73
-0.67%$40.02
0.82%$32.44
0.66%$21.74
-0.88%$2.97
-0.55%$1.003
0.08%$0.03561254
-1.41%$0.175151
1.10%$0.01802179
0.08%$0.131417
-0.75%$0.0040514
2.17%$0.357069
-1.70%$0.529491
-2.24%$1.00
0.00%$0.784836
-0.57%$1,834.10
-2.71%$0.00005978
0.76%$0.998771
-0.11%$0.999792
0.01%$0.999816
-0.00%$0.00000155
1.45%$0.696406
2.30%$20.66
0.74%$0.679958
-0.65%$0.277626
12.55%$94,615.00
-1.10%$1,819.59
-0.67%$0.292627
-0.91%$110.42
-0.49%$0.002808
3.96%$3,342.12
3.10%$2.52
2.33%$0.228122
1.51%$19.99
-0.70%$94,686.00
-0.87%$0.132186
-2.85%$0.999211
-0.09%$0.194689
-1.01%$22.04
0.36%$1,935.83
-0.65%$2.82
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0.98%$0.524719
1.27%$0.447713
0.55%$1.098
0.12%$0.02962126
-0.34%$0.999534
0.05%$0.03595638
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-0.98%$2.98
-2.29%$0.00274794
0.17%$0.999702
0.04%$0.999378
-0.03%$1.49
2.13%$14.71
0.03%$1,988.65
-0.51%$0.0032237
-5.69%$94,487.00
-1.08%$1,826.20
-0.48%$0.01202956
-1.14%$1.13
0.24%Reading
Role
Cofounder of Stellar Development Foundation
Location
San Francisco Bay Area
Current Project
Stellar Development Foundation,Machine Intelligence Research Institute
Previous Projects
ripple.com,Code Collective,MetaMachine
XRP, the third-largest cryptocurrencycryptocurrency by market cap, is on the rise. Early on Sunday morning, it hit a peak of $0.32, according to CoinMarketCap, its highest price since mid-February. And the pump has held strong through until Monday; its current price is $0.31.
But anxieties abound in the XRP community that one of the coin’s creators, Jed McCaleb, is about to dump all of his XRP onto the market and therefore crash the price.
McCaleb was owed 9 billion XRP when he left Ripple, the company he co-founded and later left. He had agreed to only dump a certain amount of XRP each year onto the market to avoid affecting the price.
After he revised that agreement with Ripple in 2016, McCaleb could sell a percentage of the coin’s daily volume. He wrote on his website that this “allows for significant increases in my selling ability as volume increases, something that was not possible before.”
Trading volumes have once again increased. Yesterday, $5.2 billion worth of XRP was traded, the highest amount since mid-February, and billions more than the coin’s daily volumes in 2016.
ℹ️ We have added an update to our "Chasing Crypto Whales" research. Check out how much a #Ripple founder makes per day in 2020 selling #XRP in the link below.https://t.co/BcCcSmtKHO
— Whale Alert (@whale_alert) August 3, 2020
Whale Alert, a Twitter account that tracks the movements of crypto’s biggest spenders, wrote today in an update to a blog post dedicated to tracking McCaleb’s money that he’s sold an additional 266% of XRP in 2020 compared to last year.
Whale Alert found that the average amount of XRP that McCaleb is selling each day is around 1.74 million, or $374,200.
So, is McCaleb going to crash the XRP market? Based on his track record, “Compared to the total trade volume per day, the amount he is selling seems insignificant,” found Whale Alert.
“The real question is how much effect McCaleb has on the net amount of XRP available. Even though we do not yet have enough data to make a conclusive statement on this, we can determine that, because he is exclusively selling XRP, he is adding to the net amount available.”
But he’s not reinvesting into the crypto market, said Whale Alert. “It seems that the profits are being cashed out directly through Bitstamp and we found no evidence that any of it is being reinvested into the crypto market.”
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
A Dubai family office managing assets for Qatari royal Sheikh Nayef bin Eid Al Thani will finance a $8.8 billion blockchain and digital assets project in the Maldives. The deal, led by MBS Global Investments, seeks to diversify the island archipelago nation’s economy, which is mainly dependent on tourism and fishing, amid rising external debt obligations, according to a Sunday report by the Financial Times. The investment, scheduled to roll out over five years, exceeds the country’s entire GDP,...
Actor and noted crypto critic Ben McKenzie is set to make his directorial debut at SXSW London with the June premiere of his documentary, “Everyone Is Lying to You for Money,” according to a report by Deadline. The documentary follows McKenzie—best known for roles on "The O.C." and "Gotham"—as he investigates the cryptocurrency world and interviews key figures, including during a trip to El Salvador to examine President Nayib Bukele's regime, which made Bitcoin legal tender in 2021. “When I star...
Ethereum just lost one of its long-time institutional backers. In a Thursday statement, algorithmic trading firm Two Prime announced it is dropping all exposure to Ethereum (ETH) and will exclusively manage and lend against Bitcoin (BTC) going forward, citing Ethereum’s unpredictable behavior, declining market momentum, and eroding institutional appeal. Why Two Prime is Going BTC Only https://t.co/VtrQAUyGL0 pic.twitter.com/4BWVd8R7HM — Two Prime (@Two_Prime) May 1, 2025 Two Prime didn’t say h...
