[Wu Blockchain News] Former Ripple CTO Discloses Selling Most Crypto Holdings Due to Extreme Risk Aversion
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Former Ripple CTO David Schwartz disclosed he has sold most of his crypto holdings, citing extreme risk aversion, cutting his peak position of roughly 26 million XRP to 3 million XRP, about 1,500 BTC to 1 BTC, and 40,000 ETH to 6 ETH. Schwartz said he "really, really hates risk" and lacks the temperament for heavy market volatility. The disclosure offers a rare look at how a senior figure behind one of the largest XRP holdings manages personal exposure after years of price swings. It matters as a high-profile signal that even long-tenured crypto insiders can favor capital preservation over upside. Watch whether other early Ripple and XRP-linked holders disclose similar trims, and how XRP, BTC and ETH price action shapes the narrative around insider selling.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
David Schwartz, XRP (XRP), Ethereum (ETH), Bitcoin (BTC), Ripple (XRP)
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