Ripple’s David Schwartz Reveals Massive XRP And Bitcoin Sales – What Does It Mean For The Market?
Summary
Ripple co-founder and former CTO David Schwartz said he gradually reduced his holdings over several years, from about 26 million XRP to 3 million, 1,500 BTC to one BTC, and 40,000 ETH to six. He said he and his wife sold portions when prices reached new highs to reduce financial risk, not because he had lost confidence in XRP. He also disclosed selling about 2.5 million XRP in 2025, generating roughly $1.7 million in capital-gains taxes. The report notes XRP’s price was around $1.06 on November 11, but says his historical sales do not necessarily signal immediate selling pressure or a bearish view.
