# Ripple Sends 304635504 XRP To Jed McCaleb, While Exchanges Shift 175.6 Million XRP

By Coinness

Canonical URL: https://www.tokenpost.com/news/investing/6328
Published: 2021-02-02T10:18:03.000Z
Updated: 2021-02-02T12:47:48.000Z
Section: Investing

> Jed McCaleb, who cofounded Ripple Labs together with Chris Larsen and was its first chief technical officer, has received another XRP lump from Ripple — 304,635,504 coins — which equals $121,678,911 at the time when t…

Jed McCaleb, who cofounded Ripple Labs together with Chris Larsen and was its first chief technical officer, has received another XRP lump from Ripple — 304,635,504 coins — which equals $121,678,911 at the time when the transaction was performed.

Whale Alert also shared data on several other transactions, which carried a total of 175.6 million XRP, or 63,904,160 in fiat USD.

This gargantuan amount of XRP was shifted by crypto whales between anonymous wallets, and part of it was sent to crypto exchanges like Huobi, Binance and Bybit.

Meanwhile, after unlocking 1,000,000,000 XRP from escrow yesterday, Ripple subsequently moved 900 million back into escrow to be locked.