Ripple's former CTO has sold the vast majority of his crypto assets, with his BTC holdings dropping from 1,500 to 1.

Former Ripple CTO David Schwartz has sold the vast majority of his cryptocurrency holdings, citing low personal risk tolerance, with his XRP position falling from roughly 26 million to 3 million tokens (an 88.5% reduction) and his BTC and ETH stacks shrinking from 1,500 BTC and 40,000 ETH to just 1 BTC and 6 ETH—cuts of more than 99% each. The disclosure matters as a high-profile example of a long-time crypto insider de-risking after years of exposure, even as XRP remains his largest retained position at about 3 million tokens. Traders will watch whether other early industry figures follow suit and whether Schwartz offers further detail on the timing and rationale behind the sales.