Jed McCaleb, co-founder and the CTO of Stellar Development Foundation, the company behind the development of the Stellar(XLM) blockchain, was also co-founder of Ripple Labs Inc before going all in with his current project. At the time of leaving Ripple, the company paid him an amount of 5.3 Billion XRP. According to reports published in the Wall Street Journal , the well-known entrepreneur may be accelerating the sale of his remaining tokens.
Mr. McCaleb had reached an agreement in which it was stated that the sales of such tokens should be controlled in order to avoid a collapse in the market. The initial agreement , which was later revised in 2016 set the following limits: