Ripple co-founder is selling XRP at an accelerated pace
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Jeb McCaleb, who left Ripple in 2013, holds ~7.3% of the total supply of XRP. Since August 2018, McCaleb has been selling more than 500,000 XRP per day — 35 times the limit outlined in his 2016 agreement with Ripple. McCaleb is currently the CTO and a co-founder of Stellar, a direct competitor of Ripple. (Source: WSJ)
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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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