Ripple XRP: Is Jed McCaleb Receiving 5 Billion XRP to Dump on the Market

Ripple XRP: Is Jed McCaleb Receiving 5 Billion XRP to Dump on the Market

News outlets are reporting that Ripple’s deal with Jed McCaleb that was signed in 2014 only runs for 7 years and that he will be receiving the remaining portion of his XRP soon. This is untrue as they signed a new agreement in 2016 that limits Jed’s XRP sales at 1.5% of daily volume going forward. As far as we know there is no expiration.

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