Jed McCaleb’s ‘9 Billion’ XRP Stash Finally Nears Zero After Years Of Huge Selloffs — Bullish For XRP?
⚈Jed McCaleb has been on a selling spree since his departure from Ripple Labs with his 9 billion XRP allocation depleting to about 81 million XRP tokens after 8 years of systematic selloffs. But this continuous act of discharge has raised questions.
Who is Jed McCaleb selling his XRP to?
⚈Jed McCaleb’s constant sales of his XRP tokens have brought up suspicions within the Crypto community as crypto pundit ‘Digital Asset Investor’ asks questions pertaining to the American programmer’s seeming diplomatic immunity.
⚈The pundit posed the question of whom these systematic sales have been accorded to, especially seeing as McCaleb has so far been permitted by financial regulators to sell off most of his XRP holdings without any hurdles despite his affiliation with the legally embattled Ripple Labs and the collapsed Mt. Gox.
“1. Feds don’t touch Jed after MtGox 2. SEC doesn’t include him in the Ripple suit or sue him over Stellar,” the pundit said, “3. They allow him sell his XRP at will for eight years during the SEC vs. Ripple suit. Everyone focuses on Jed when they should be focused on who he’s selling to,” he concluded.
⚈This raised questions within the thread as many crypto enthusiasts ponder on the actual reason why McCaleb seems “untouchable” to financial regulators like the Federal Reserve and the Securities and Exchange Commission.
⚈Others have further asked for investigations to ascertain the actual owner(s) of the addresses he has been selling his XRP tokens to in the past 8 years, as the crypto pundit shares shots of public transactions of his XRP wallet, “tacostand.”
https://zycrypto.com/jed-mccalebs-9-billion-xrp-stash-finally-nears-zero-after-years-of-huge-selloffs-bullish-for-xrp/