Jed McCaleb’s Outrageous XRP Chronicles: A Tale of Space and Sales!

Well now, gather ’round, folks! It seems Ripple co-founder Jed McCaleb has decided to grace us with his presence on that raucous social network they call X, where opinions fly about like birds in springtime. Recently, he had a thing or two to say about his XRP sales, and boy, did he stir the pot! 🍵

back in the good old days of 2012, McCaleb found himself in possession of a veritable treasure trove—9 billion XRPs, gifted to him like a benign fairy godmother. After taking his leave from Ripple in 2013, he concocted another plan and co-founded Stellar, a rival that targeted the little guy, as opposed to banks. A real Robin Hood of the crypto world, if you will! 🏴‍☠️

Fast forward to 2014, dear friends, when McCaleb gingerly agreed to a quaint arrangement to sell those tokens of his—a meek $10,000 a week. But lo and behold, Ripple soon came knocking, alleging he was selling more than his side of the bargain allowed. Following a tussle in court that would make any circus performer proud, they reached a new agreement in 2016, finally allowing the man’s sales to dance in tune with XRP’s trading volume. 💃

As fate would have it, the man finally ran out of XRPs to sell by the magnificent year of 2022. If you can believe it, Ripple’s very own CTO, David Schwartz, remarked that McCaleb might just be the sole soul to become a self-made billionaire despite his most valiant efforts to contravene reason. What a humorous twist of irony! 😂

A Billion-Dollar Bet on Space 🚀

But wait, there’s more! This same McCaleb, famed for founding the notorious Mt. Gox exchange, has made a staggering $3.2 billion from his XRP escapades. And just when you thought he might retire in luxury, he’s back in the limelight, holding up his cosmic ambitions! Word has it, he’s using his crypto fortune to fund the development of the very first commercial space station. Why not reach for the stars when you can? 🌌

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2025-03-21 21:01