šØ Alert: Ripple Co-founder's XRP Wallet Raises Eyebrows with Suspicious Activity! š¤š¼
š Background: McCaleb's XRP Journey
Since July 2022, Ripple co-founder Jed McCaleb's XRP wallet has been under scrutiny due to a series of mysterious withdrawal attempts, attempting to siphon off millions of XRP. Flipthechain, a crypto education platform, shed light on these activities, prompting concerns within the crypto community.
š McCaleb's XRP Holdings: A Recap
After leaving Ripple in 2014 to launch Stellar, McCaleb held around 9 billion XRP, part of the 20 billion XRP allotted to each of the three Ripple founders. A lock-up agreement limited his sales to 1 billion XRP per year to prevent market disruptions.
š Suspicious Withdrawal Attempts: Unraveling the Mystery
Despite McCaleb depleting his "tacostand" wallet in July 2022, recent data reveals perplexing withdrawal attempts almost a year later. The first attempt, occurring on July 17, 2022, aimed for 3.89 million XRP, even though the wallet held just over 1 million XRP. Both attempts failed.
Intriguingly, McCaleb successfully withdrew 1.1 million XRP just hours after the failed attempts, moving them to Bitstamp for selling. The saga continued with a flurry of withdrawal attempts in May 2023, seeking 2.9 million and 2.5 million XRP multiple times. All attempts failed due to a meager available balance of 139 XRP.
š Concerns and Questions: What's Behind the Curtain?
The crypto community is left puzzled by these unexplained withdrawal attempts long after McCaleb's wallet was supposedly emptied. Questions linger: Who is behind these attempts, and what could be the motive? Is there more to the story than meets the eye?
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