The price of XRP once again grew faster compared to other altcoins, surviving the news of accelerated selling by Jed McCaleb, one of Ripple’s co-founders. McCaleb parted company with the project a few years ago to build Stellar (XLM), an open-source alternative to Ripple.
According to a Wall Street Journal report, McCaleb had accelerated his placements of XRP. He told the publication he was still within the selling limits pre-agreed with Ripple, which oblige him to sell carefully and take heed of daily volumes.
The terms for McCaleb’s sales of XRP were settled during a lawsuit in 2016. He initially had the right to sell 0.5% of daily volumes in XRP, the proportion rising to 0.75% in the second year, 1% in the third year, and 1.5% afterward. The amount...
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