Ripple Co-Founder McCaleb Has $1 Billion in XRP Left to Sell

If you’ve been on Crypto Twitter at all over the past few months and the past year, you know that one of the biggest controversies surrounding top altcoin XRP is how executives of Ripple Labs, the San Francisco-based fintech company that heavily leverages the cryptocurrency, own massive swaths of the coin’s supply. Not to mention, Ripple itself owns billions of these coins.

To its credit, the company has been selling increasingly fewer coins over the past few months, opting to maintain their stash, unlocked from an escrow in one-billion-coin chunks each month.

But, there’s risk in company executives (or ex-company executives) selling the cryptocurrency, potentially acting as a weight on the supply-demand scale of the asset’s price. Case in point, cryptocurrency data and monitoring team Whale Alert found that Ripple’s co-founder, prominent crypto pioneer Jed McCaleb (also heavily involved in the creation of Stellar and infamous Bitcoin…