Whale Alert specializes in tracking large transactions in the crypto space and has recently begun analyzing Jed McCaleb, a very prominent person in the community as well as an XRP whale. McCaleb is famous for being the founder of the formerly popular crypto exchange Mt. Gox, co-founder of Ripple Labs and Stellar. The famous crypto enthusiast has been a concern of many XRP investors due to the fact that he is known to hold 9 billion XRP coins that he had received as compensation for working at Ripple Labs.
A large part of the digital assets he owned for some unknown reason was sent to Ripple. It is important to note that Jed McCaleb was the former Chief Technology Officer (CTO) of Ripple Labs, who has recently donated 140 billion XRP coins to a number of charities.
In a recent research, Whale Alert tracked a transfer of 8 billion digital assets to Ripple Labs from different accounts that belong to Jed McCaleb. When in May of 2014 Jed McCaleb for the first time brought up the idea of selling the company, his intention was to sell the company for 45 million USD.
The number of transactions that had been tracked showed the transfer of more than 1 billion XRP digital assets and the transfers took place mostly through the Bitstamp services. The average price of the transfers considering the price shifts from 2014 to 2019 was estimated at 135 million USD. The coins that Jed McCaleb held continue to be sold even now as during last month 19 million XRP coins were sold. The profits have been cashed out directly through Bitstamp. At the time of writing, almost 5 million XRP coins are owned by McCaleb, which is 5 percent of the total XRP assets.