Jed McCaleb, co-founder of Ripple and Stellar, recently spoke on social media X about selling his XRP.
McCaleb denied allegations that he intentionally harmed investors due to dissatisfaction with Ripple's team decisions.
This cryptocurrency entrepreneur confirmed that he had informed the community about leaving the company due to losing trust in the project. According to McCaleb, the purpose was to allow others to get ahead of him in trading.
"The purpose is to let others have the opportunity to get ahead of me. Otherwise, I could sell without any notification. Wouldn't that be better?" he added.
The 50-year-old entrepreneur also emphasized that he never promoted XRP as an investment, which is why he was not targeted by the US Securities and Exchange Commission (SEC).
As one of Ripple's co-founders, McCaleb received a total of 9 billion XRP in 2012. He left Ripple in 2013 and subsequently co-founded Stellar, a competing project, due to disagreements with the company.
In 2014, McCaleb reached an agreement with Ripple to gradually sell his XRP. Initially, he was only allowed to sell up to $10,000 per week. Ripple later sued McCaleb for violating the agreement's terms by selling beyond the limit. After a settlement process, both parties signed a new agreement in 2016, where the amount of XRP McCaleb could sell was linked to the trading volume of the asset.
By 2022, McCaleb had sold all the XRP he held. Ripple's Chief Technology Officer (CTO), David Schwartz, once stated that McCaleb tried to sell all his XRP immediately, but the company prevented him through legal measures. "He might be the only self-made billionaire who tried his best not to become one," Schwartz sarcastically commented on Quora.
McCaleb, who also co-founded the notorious Mt. Gox exchange (which he sold before it was hacked), has earned $3.2 billion from selling XRP and his Ripple shares. He is now pursuing an ambitious journey with Vast to bring the Haven-1 space station into space before May 2026. The project's major goal is to replace the International Space Station (ISS) and win a lucrative contract from NASA. This is almost a gamble—if successful, the project could create a breakthrough in how humans explore space; if it fails, it could be a significant misstep.
Haven-1 is expected to become a bridge bringing humanity closer to the goal of becoming a multi-planetary species, with cooperation from SpaceX. However, the project faces fierce competition from other space industry giants, including Axiom Space and Blue Origin.
McCaleb also faces enormous financial risks, potentially losing up to $1 billion in net asset value. Nevertheless, he remains steadfast, asserting that very few people are willing to invest resources and time like he is in this project.
Vast is working closely with SpaceX, using its technology, connection components, and Starlink internet system. SpaceX will also be responsible for launching hardware and bringing the crew to the Haven-1 station. This is an important step in Vast's long-term plan, including developing artificial gravity environments for future space station models, such as Haven-2, expected to launch in 2028.
In the context of an expanding space industry, figures like Elon Musk are also pursuing dreams of exploration and settlement beyond space, bringing humanity closer to a new era.
Disclaimer: The article is for informational purposes only and is not investment advice. Investors should thoroughly research before making decisions. We are not responsible for your investment choices.
Join Telegram: https://t.me/tapchibitcoinvn
Twitter (X): https://twitter.com/tapchibtc_io
Tiktok: https://www.tiktok.com/@tapchibitcoin
Youtube: https://www.youtube.com/@tapchibitcoinvn
Thach Sanh
