{"id":13273,"date":"2022-07-18T17:59:49","date_gmt":"2022-07-18T17:59:49","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/jed-mccalebs-tacostand-xrp-wallet-is-near-empty-after-the-ripple-co-founder-transferred-9-billion-xrp-over-the-years-altcoins-bitcoin-news\/"},"modified":"2022-07-18T17:59:49","modified_gmt":"2022-07-18T17:59:49","slug":"jed-mccalebs-tacostand-xrp-wallet-is-near-empty-after-the-ripple-co-founder-transferred-9-billion-xrp-over-the-years-altcoins-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/jed-mccalebs-tacostand-xrp-wallet-is-near-empty-after-the-ripple-co-founder-transferred-9-billion-xrp-over-the-years-altcoins-bitcoin-news\/","title":{"rendered":"Jed McCaleb’s ‘Tacostand’ XRP Wallet Is Near Empty, After the Ripple Co-Founder Transferred 9 Billion XRP Over the Years \u2013 Altcoins Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n<\/div>\n

Last month, it was reported that the co-founder of Ripple, Jed McCaleb was close to emptying his xrp wallet that held 81 million tokens worth $26 million. Following a transaction that saw 3,898,451 xrp transferred out of the address, McCaleb\u2019s wallet is now close to being empty as there\u2019s only 47.6912 xrp worth $17 stored in the wallet today.<\/strong><\/p>\n

Ripple Co-Founder Jed McCaleb Empties the Notorious \u2018Tacostand\u2019 Wallet<\/h2>\n

Onchain data<\/a> shows the xrp (XRP<\/a>) wallet called \u201cTacostand,\u201d is now close to being empty as the owner, Jed McCaleb<\/a>, has seemingly transferred his entire stash out of the wallet. McCaleb is well known in the crypto industry for co-founding Ripple<\/a> and in 2014 he left the company to start the project Stellar<\/a> in 2014.<\/p>\n

However, it was well known that after McCaleb left he held roughly 9 billion XRP<\/a> and he was allowed to sell or transfer the funds under specific withdrawal conditions.<\/p>\n

\n

Almost there \ud83c\udf2e pic.twitter.com\/SdstUD4Kzc<\/a><\/p>\n

\u2014 Jed McCaleb (@JedMccaleb12) June 29, 2022<\/a><\/p>\n<\/blockquote>\n

It is estimated that Jed McCaleb is one of the richest cryptocurrency influencers in the space and in 2018, McCaleb was the 40th wealthiest individual<\/a> in the world, according to that year\u2019s Forbes billionaires list.<\/p>\n

When McCaleb was nearing the end of his XRP<\/a> stash at the end of June with 81 million left in the wallet, he tweeted<\/a> about being \u201calmost there\u201d with a taco emoji and a photo of a restaurant called the \u201cTaco Stand.\u201d At that time, the 81 million XRP tokens<\/a> were worth $26 million. Following the Ripple co-founder\u2019s tweet on June 29, the wallet saw a number of large XRP<\/a> transfers.<\/p>\n

On that day, McCaleb moved 7,335,966 XRP<\/a> worth $2.69 million out of the wallet and the following day, McCaleb took out<\/a> another 7,335,966 XRP<\/a>. The last transaction recorded was on July 18, 2022, as 3,898,451 XRP<\/a> worth $1.42 million was removed from the notorious Tacostand wallet.<\/p>\n

XRP<\/a> has been trading for prices between $0.343 to $0.367 per token on July 18 and it is the seventh largest crypto market cap today. While XRP<\/a> is up 14.1% during the past month, year-to-date metrics show XRP<\/a> is down 37.1% against the U.S. dollar. Statistics show there\u2019s a circulating XRP<\/a> supply of around 48,343,101,197, which means McCaleb\u2019s stash of 9 billion tokens represented 18.61% of XRP<\/a>\u2019s circulating supply.<\/p>\n

\n
\nTags in this story
\n<\/h6>\n
billionaire<\/a>, Cryptocurrency<\/a>, Jed McCaleb<\/a>, Ripple<\/a>, Ripple Labs<\/a>, Ripple XRP<\/a>, SEC<\/a>, SEC Case<\/a>, Tacostand<\/a>, Tacostand Wallet<\/a>, Tacostand XRP wallet<\/a>, XRP<\/a>, Xrp (XRP)<\/a>, XRP sales<\/a>, XRP stash<\/a>, XRP wallet<\/a>, xrpscan.com<\/a><\/div>\n<\/div>\n

What do you think about the Ripple co-founder Jed McCaleb draining his infamous wallet called \u2018Tacostand?\u2019 Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

\n
\n<\/div>\n
\n
\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.

\n
\n
\n<\/a>
\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

\n

Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

\n