XRP Jumps to 6th Largest Crypto by Market Cap
XRP experienced a bullish rally earlier today. The market cap shot up to $17.63 billion, climbing past Binance’s USD, Cardano, Solana, and Dogecoin. This performance was triggered by the recent positive impart of the SEC lawsuit as well as the final emptying of McCaleb’s wallet.
Jed McCaleb is one of Ripple’s co-founders. McCaleb was known to sell his XRP at key price levels. Just on Friday, Jed announced via Twitter that he had 1.1 M XRP available. That 1.1 M XRP was transferred out on 7/17/22 to another wallet before being redistributed or sold. XRP followers on twitter rejoiced and celebrated that some users now have more XRP than McCaleb.
Jed McCaleb has only 39.99 #XRP.
— JackTheRippler ©️ (@RippleXrpie) July 17, 2022
Finally it's over...⌛️ pic.twitter.com/Ex6DJSubTL
