Jed McCaleb Speaks Out About XRP Sales
In a recent statement, Jed McCaleb, co-founder of Ripple, addressed allegations that his XRP sales were intended to harm investors. McCaleb clarified that he publicly announced his departure from Ripple when he no longer believed in the project, allowing the community to anticipate his sales.
Key Points:
- McCaleb received 9 billion XRP in 2012 upon Ripple's founding.
- By 2022, he sold all his XRP, accumulating $3.2 billion.
- His sales were structured under a 2014 agreement with Ripple, initially capped at $10,000 per week.
👉 Learn more about XRP's market impact
Binance Announces Delisting of 5 Cryptocurrencies
Binance, the world’s largest crypto exchange, revealed plans to delist five digital assets:
- Aergo (AERGO)
- AirSwap (AST)
- BurgerCities (BURGER)
- COMBO (COMBO)
- Linear Finance (LINA)
Timeline:
- Delisting Date: March 28, 2025
- Withdrawal Deadline: March 27, 2025 (3:00 AM UTC)
Binance cited compliance with industry standards as the reason for the delisting and introduced a Vote to Delist feature for community-driven decisions.
SHIB Burn Rate Skyrockets by 771,019%
The Shiba Inu community witnessed an unprecedented surge in the SHIB burn rate, with 18.6 million SHIB destroyed in 24 hours.
Highlights:
- Largest single transaction: 16 million SHIB sent to an unspendable wallet.
- Weekly burn total: 74.8 million SHIB, despite an 86.04% drop in the weekly burn rate.
👉 Explore SHIB's latest trends
FAQs
Why did Jed McCaleb sell his XRP?
McCaleb sold his XRP after leaving Ripple, adhering to a structured sales agreement to avoid market disruption.
Which cryptocurrencies are being delisted by Binance?
AERGO, AST, BURGER, COMBO, and LINA will be delisted in March 2025.
What caused the SHIB burn rate surge?
A single large transaction (16M SHIB) contributed to the spike, though the exact mechanism remains unclear.
How can users prepare for Binance’s delisting?
Withdraw or trade affected assets before March 27, 2025.
Will Binance allow community input on future delistings?
Yes, the Vote to Delist feature will enable user participation in delisting decisions.
Is the SHIB burn rate sustainable?
While spikes occur, the weekly burn rate has declined, indicating variability in community-driven efforts.