XRP billionaire boys club: Tracking Ripple’s earliest insiders
Ripple founders and early insiders have sold billions of dollars worth of personal XRP allocations. According to Forbes, two of its co-founders, Chris Larsen and Jed McCaleb, are worth a combined $14.7 billion based almost entirely on their XRP and Ripple equity holdings. This year alone, Larsen has transferred hundreds of millions of dollars worth of personal XRP allocations into exchanges. Unfortunately, the full history of their sales and current XRP ownership is hidden from public view. This is largely due to Ripple’s developers permanently deleting the XRP Ledger’s first 32,569 blocks. This technical mistake erased the history of which wallets sold XRP in 2012, the blockchain’s first year in operation. It also obscured untold data from the most important, formative months of the XRP Ledger. Despite the community reconstructing a decent amount of data since 2013, the full transaction histories of Christopher Larsen, Jed McCaleb, Arthur Britto, David ...