XRP, Bitcoin: this former Ripple executive sold his cryptos
Original headlineXRP, Bitcoin : cet ancien dirigeant de Ripple a vendu ses cryptos
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Former Ripple chief technology officer David Schwartz has disclosed that he drastically cut his personal crypto holdings over the years, reducing his XRP position from 26 million tokens to 3 million and his bitcoin stash from 1,500 BTC to a single coin. Schwartz attributed the sales to his low risk tolerance rather than any loss of confidence in the assets. The disclosure matters because it puts a concrete figure on how one of XRP's most prominent technical figures manages personal exposure to the token he helped build, at a time when XRP remains a top-tier asset by market capitalization. His remaining 3 million XRP and 1 BTC represent a still-substantial but far more conservative bet. Watch for whether other long-tenured Ripple insiders follow suit in trimming holdings, and for any market reaction to the disclosure.
Muhabbit's AI wrote this summary in its own words from Cryptoast's report and translated it from French. It can get details wrong, so check the source.
Named in this story
David Schwartz, XRP (XRP), Ripple (XRP), Bitcoin (BTC)
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