Jed McCaleb’s XRP Stirs Controversy Again

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A recent transaction between Ripple and Jed McCaleb once again stirred controversy. McCaleb, an early co-founder of the Ripple protocol, chose a different path, abandoning the company and agreeing to regular payouts in XRP.Based on the agreement, McCaleb may accelerate his selling of XRP in the coming years, as the schedule enters its fifth year. After 2020, he will be capable of selling above 1 billion XRP per year, still a relatively small amount compared to the general trading volume and circulating supply.McCaleb helped grow the XRP ecosystem initially, but later chose to establish Stellar, an open-source version using a similar protocol. The potential to sell XRP coins has been known for a while, though it is often forgotten.The most recent tranche of 100 million XRP, worth more than $26 million, triggered the discussion, since it followed a recent unlocking of 1 billion XRP from Ripple’s wallets. potential for selling…

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