**Ripple Co-founder McCaleb Responds to Criticism Over XRP Sales đ¨**
Jed McCaleb, Ripple co-founder, recently defended his decision to sell his #XRP holdings amid accusations of harming investors. Critics claimed McCaleb acted out of personal frustration, but he clarified his actions were transparent.
đš **McCalebâs Defense:**
- Announced his exit from Ripple **before** selling his XRP.
- Allowed the community to "front-run" his sales.
- Offered XRP holders a swap to #XLM to mitigate losses.
*"I told the community I was leaving. The alternative was selling silentlyâwould that be better?"* â McCaleb
đ **McCalebâs New Venture:**
Now focusing on #VastSpace, a $1B bet to build a commercial space station, aiming for a NASA contract. Some #XRPArmy members remain skeptical, while others see it as ambitious.
đĄ **Background:**
- Originally held **9B XRP** (2012).
- Left Ripple in 2013 over vision differences.
- Sold XRP gradually, fully exited by 2022.
#Ripple #CryptoNews #stellar #SpaceTechRally #Blockchain
*(Disclaimer: Not financial advice. DYOR before investing.)*