Former Ripple Executive Sold Most of His Crypto Portfolio: Why Did He Do It?

Former Ripple CTO David Schwartz has disclosed that he sold the majority of his XRP, Bitcoin and Ethereum holdings, citing risk aversion, according to reporting by Wu Blockchain. Schwartz said he significantly reduced his personal crypto portfolio from peak levels, without specifying exact token amounts or sale prices. The disclosure matters because Schwartz is one of the most closely followed figures in the XRP ecosystem, and his shift toward caution may color sentiment among retail holders who track his public statements. Traders will watch whether other long-time XRP insiders follow suit and whether Schwartz offers further detail on the timing and size of the sales.