Fun

Jed McCaleb’s ‘Tacostand’ XRP Wallet Is Near Empty, After the Ripple Co-Founder Transferred 9 Billion XRP Over the Years

News Feed - 2022-07-19 02:07:53

Jed McCaleb"s "Tacostand" XRP Wallet Is Near Empty, After the Ripple Co-Founder Transferred 9 Billion XRP Over the Years


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’s wallet is now close to being empty as there’s only 47.6912 xrp worth $17 stored in the wallet today. Ripple Co-Founder Jed McCaleb Empties the Notorious ‘Tacostand’ Wallet


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


However, it was well known that after McCaleb left he held roughly 9 billion XRP and he was allowed to sell or transfer the funds under specific withdrawal conditions. Almost there 🌮 pic.twitter.com/SdstUD4Kzc


— Jed McCaleb (@JedMccaleb12) June 29, 2022



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 in the world, according to that year’s Forbes billionaires list.


When McCaleb was nearing the end of his XRP stash at the end of June with 81 million left in the wallet, he tweeted about being “almost there” with a taco emoji and a photo of a restaurant called the “Taco Stand.” At that time, the 81 million XRP tokens were worth $26 million. Following the Ripple co-founder’s tweet on June 29, the wallet saw a number of large XRP transfers.


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


XRP 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 is up 14.1% during the past month, year-to-date metrics show XRP is down 37.1% against the U.S. dollar. Statistics show there’s a circulating XRP supply of around 48,343,101,197, which means McCaleb’s stash of 9 billion tokens represented 18.61% of XRP’s circulating supply. Tags in this story billionaire, Cryptocurrency, Jed McCaleb, Ripple, Ripple Labs, Ripple XRP, SEC, SEC Case, Tacostand, Tacostand Wallet, Tacostand XRP wallet, XRP, Xrp (XRP), XRP sales, XRP stash, XRP wallet, xrpscan.com


What do you think about the Ripple co-founder Jed McCaleb draining his infamous wallet called ‘Tacostand?’ Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie 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. New Lawsuit Claims Solana Is Unregistered Security — "Investors Have Suffered Enormous Losses" ALTCOINS | Jul 8, 2022 Elon Musk"s Boring Company to Accept Dogecoin Payments for Rides on Las Vegas Transit System Loop ALTCOINS | Jul 6, 2022


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBiggest Movers: MATIC Climbs 20% to Hit 2-Month High, as AVAX Nears 6-Week Peak Next articleReport: Bank of Spain Worried About Inflation and Its Consequences in Latam Disclaimer: 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 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. Read disclaimerShow comments More Popular NewsIn Case You Missed ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year


The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.Tony Hawk"s Latest NFTs to Come With Signed Physical Skateboards Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments Privacy-Centric Monero Plans for July Hard Fork, Plans Include Ring Signature, Bulletproof Upgrade Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms

News Feed

Crypto Biz: US dollar exposure via digital assets takes off
Ana Paula Pereira3 hours agoCrypto Biz: US dollar exposure via digital assets takes offThis week’s Crypto Biz explores Hashdex filing for a combined spot Bitcoin and Ether ETF, Coinbase’s pre-launch market, Ripple’
Tesla CEO Elon Musk Reveals Why He’s Pro Dogecoin Amid Debate Over Web3, Ethereum, Decentralization
Tesla CEO Elon Musk Reveals Why He"s Pro Dogecoin Amid Debate Over Web3, Ethereum, Decentralization Tesla and Spacex CEO Elon Musk has explained why he’s pro dogecoin as the
Brayden Lindrea5 hours agoBitcoin-friendly El Salvador can become ‘Singapore of the Americas’ — VanEck adviserVanEck strategy adviser Gabor Gurbacs expects a wave of new investment capital and immigration will push
Bitcoin Price Breaking Out Of This Pattern — Can BTC Reclaim $90,000?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Turbo Team Selling After The AI Meme Coin Flies To New All-Time High: Time To Exit?
Este artículo también está disponible en español. Turbo is trending at around all-time highs. The upswing started in mid-September and initiated a move up that saw the AI
Big Miners and Holders Keep Accumulating Bitcoin: Kraken’s ‘Shocktober’ Report
Big Miners and Holders Keep Accumulating Bitcoin: Kraken"s "Shocktober" Report Mining operators and holders keep accumulating Bitcoin, according to the latest Kraken intelligence r
Web3 Firm Chain Reveals Multi-Year Partnership With the New England Patriots
Web3 Firm Chain Reveals Multi-Year Partnership With the New England Patriots The Web3 software solutions company Chain announced the company has partnered with Kraft Sports + Enter
Bitcoin Finds Price Stability: Reclaiming $101,000 Depends On This Level
Este artículo también está disponible en español. Bitcoin (BTC) continues to move within its one-week range after recovering from its recent drop to $91,000 but has faile
XRP Posts Highest Monthly Close Ever—What’s Next?
Este artículo también está disponible en español. XRP has ushered in 2025 with a robust bullish performance, achieving its highest monthly close to date. As a result of s
Guarda Wallet – Multi-Currency, Multiplatform Wallet With a Taste for Special Features
Guarda Wallet – Multi-Currency, Multiplatform Wallet With a Taste for Special FeaturesGuardawallet has been around for almost three years – the cryptocurrency storage that s
Jesse Coghlan3 hours agoYuga Labs confirms UV lights likely cause of eye issues at ApeFestThe Bored Ape Yacht Club’s official Twitter account said an investigation confirmed suspicions that UV lights were the likely ca
US SEC Sets Up Dedicated Office to Review Crypto Filings
US SEC Sets Up Dedicated Office to Review Crypto Filings The U.S. Securities and Exchange Commission (SEC) is setting up a dedicated office to review crypto-related filings. The se