Ripple receives its first XRP payout of 2021 – TheCoinTribune – Inspired Traveler

Despite its legal woes and the recent collapse of its price in the markets, Ripple (XRP) continues to follow its initial plans. The company thus received its first payment in 2021, as Whale Alert noted on January 1, 2021. The whistleblower who follows the movements on the market has thus shared on Twitter the details of the transfers, thus eliciting strong reactions on the Web. Whale Alert revealed that the company received a total of 900 million XRP and that its former technical director had also been rewarded.


And 1, and 2, and 3 transfers of $ 200 million

In accordance with the distribution model it announced, Ripple received a payment of 900 million XRP.

Details that have been made public by Whale Alert show that this was done in 3 different transfers of 300 million, 100 million, and 500 million XRP.

Considering the value of the asset at the time of these transfers, this payment represents more than $ 200,000 million.

Whale Alert also reported on Twitter another large-scale operation linked to Ripple. This concerns in particular Jed McCaleb, one of the co-founders and former technical director of the company.

By leaving the latter in 2013, McCaleb had managed to make a deal with the box guaranteeing him a payment of 8 billion XRP.

In order to prevent such a quantity of assets from sowing panic on the market, it was agreed that this payment be made in several installments.

As it stands, McCaleb has already made $ 1.2 billion in profit from this deal. With the current performance of XRP, it was obvious that the community rose up at the announcement of this news.

Aware of this reality, the company did not fail to react to reassure its investors.

XRP reshaping in the wake of Bitcoin

The current CTO of Ripple, David Schwartz wanted to make it clear that he was not at the heart of this decision-making and was only suffering the consequences.

« Note this is not necessarily what I chose to hold now, I just ended up here due to airdrops and other circumstances »He thus let know.

Moreover, the XRP has shown positive signals in the market even though its value remains far from the record of $ 0.8290 reached in 2020.

Indeed, in a general movement fueled by the rise in the price of Bitcoin (BTC) that of altcoins has also increased.


The value of XRP has not remained on the sidelines of this trend.

After a lull in the market, the price of the asset should however quickly come down as we approach the holding of the trial between Ripple and the SEC. For its part, Celsius NETWORK (CEL) which is registered with the American gendarme of financial markets sees the value of his CEL token explode.