Ripple's David Schwartz Reveals Massive XRP Sale
Former Ripple CTO David Schwartz has revealed he sold approximately 23 million XRP, reducing his holdings from 26 million to just 3 million tokens.
David Schwartz, former chief technology officer of Ripple, has disclosed that he has sold the overwhelming majority of his XRP holdings over time. His crypto holdings have taken a massive hit as a result.
Taking to the social media platform X recently, Schwartz shared that he has gone from holding around 26M XRP at one point to just 3M XRP. That represents a decrease of over 88% from his peak XRP holdings.
It's not a secret. I think I'm down from a high of around 26 million XRP to around 3 million XRP.
Broad Crypto Reduction
Schwartz has also revealed that he has slashed his Bitcoin holdings from around 1,500 BTC all the way down to just 1 BTC. He has gone even further with his Ethereum holdings too, reducing them from around 40,000 ETH to just 6 ETH.
As such, Schwartz has sold off nearly all his previous Bitcoin and Ethereum holdings. It is not clear when he made the bulk of his sales or how much he made from them.
Sales Strategy
Schwartz's latest update comes after several revelations about his crypto sales tactics. The former Ripple CTO recently admitted to selling around 2.5M XRP in 2025 alone, with most tokens received in 2020 and 2023.
He revealed that he had to pay around $1.7 million in capital gains taxes on his sales. The Ripple veteran has repeatedly justified his crypto sales by citing his extremely low risk tolerance.
In July, Schwartz disclosed that he and his wife had decided to sell off some of their crypto holdings whenever new all-time highs were reached. He has a written sales plan set up with a lawyer at least 30 days before selling his XRP.
Community Reaction
The revelation comes at a time when there is mounting frustration among the XRP community over the cryptocurrency's lackluster price performance. At the start of this month, Schwartz was called out by an XRP holder wondering if he was somehow to blame for the token's downturn.
The former Ripple CTO stressed that he probably had very little impact on the price. Despite selling most of his cryptocurrencies, Schwartz still holds a significant amount of Ripple stock, which leaves him exposed to more financial risk than he'd ideally prefer.
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