Ripple Co-Creator’s Asset Sales Trigger XRP Dip

XRP slipped more than three percent to around $1.06 after David Schwartz, former CTO of Ripple and co-creator of the XRP Ledger, disclosed he had sold the bulk of his crypto holdings. Holders reacted sharply, viewing the move as a lack of confidence from someone who helped build the token.

Schwartz revealed his XRP stack had fallen from 26 million to 3 million tokens. He kept just one bitcoin out of 1,500 and six ether out of 40,000. The sales followed written plans cleared with a lawyer at least 30 days ahead; roughly 2.5 million XRP were sold in 2025, generating about $1.7 million in capital-gains tax.

He stressed the decision stemmed from personal risk aversion rather than any market outlook. Schwartz also noted he still holds a large stake in Ripple itself, which carries more financial exposure than he prefers.

The episode highlighted the persistent gap between retail investors’ expectations and the actions of early insiders.

Based on information from cryptonews.net