Almost 175 million XRP were moved to the "taconstand" wallet that belongs to Jed McCaleb and was set up when Ripple Labs started – back in 2012.
The amount of 174,862,720 XRP totals approximately $210,051,020. Earlier today, it was reported that McCaleb's "tacostand" wallet's balance is now 709,911,469 XRP. Researcher Leonidas Hadjiloizou tweeted that the wallet from which the Ripple giant had been sending XRP to Jed is empty now.
On Aug. 16, McCaleb's wallet contained 821 million coins remaining. Since then, before receiving 175 million XRP on Sept. 1 from Ripple, Jed has sold 112 million coins, according to data from XRPscan.
According to forecasts from the jed.tequ.dev website built by the XRP community, Jed is likely to sell all of his XRP by Dec. 5, Dec. 22, Dec. 24 or January 2022 – depending on the weekly and monthly scale of his XRP sales.