Ripple’s former Chief Technology Officer (CTO) Jed McCaleb’s selling spree finally came to an end on July 17, 2022. Meanwhile, the blockchain firm’s current CTO David Schwartz mentioned that he made a big mistake by not opting for XRP tokens.
CTO had to choose between XRP or money
David Schwartz in a tweet mentioned that he was offered around 500 million XRP tokens. He added that it wasn’t really the choice that he was confronted with. He had to choose between XRP or a salary in the beginning. However, the token is nearly perfectly liquid.
Ripple’s CTO said, at that time he needed money. Later, when XRP was launched on the exchanges, he could have just bought it from there.
Meanwhile, 500 million XRP tokens today would have been worth around $181 million. Ripple’s native token is trading at an average price of $0.364, at the press time. XRP price has jumped by around 5% in the past 24 hours.
Ripple overtakes BUSD
XRP price has jumped by over 18% in the last 30 days. This surge has helped the token to overtake BINANCE USD (BUSD). Its total market cap now stands at $17.6 billion. XRP’s 24 hour trading volume is also up by 18% to stand at $1.53 billion.
