XRP Update: Did Former Ripple CTO David Schwartz Sell 2.5 Million XRP?

Former Ripple CTO David Schwartz disclosed on X that he sold roughly 2.5 million XRP in 2025, incurring about $1.7 million in capital gains tax on the transaction. The disclosure came as Schwartz responded to a critic, and he framed the sale as a personal liquidity move rather than a change in his view of the XRP Ledger he helped architect. The sale is notable given Schwartz's long-standing role as one of the token's most visible technical stewards, and traders often watch founder and insider sales for signals about conviction. At prevailing XRP prices, 2.5 million tokens represents a seven-figure sum, though the disclosure did not specify the exact sale price or timing within the year. Market participants will watch whether other Ripple-linked insiders disclose similar sales and whether Schwartz clarifies his remaining XRP holdings.