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‘2 Million Now’: Ripple CTO Emeritus Reveals Where His XRP Holdings Stand
u.today
+ 1 more18 August 2026 13:04, UTC
Ripple CTO emeritus David Schwartz disclosed where his $XRP holdings currently stand in response to an X user’s question. The X user had asked Schwartz whether he had sold all of his $XRP and told him to “be honest.”
Schwartz revealed that his $XRP holdings have dropped significantly from their peak, saying he now holds about 2 million $XRP.
The Ripple CTO emerituspreviously claimed that he owned roughly 26 million $XRP at his peak holdings. Now, Schwartz reveals his $XRP holdings have fallen significantly, about 92%, from this high to about 2 million $XRP. “I think I’m down from about 26 million at my peak to about 2 million now,” Schwartz stated.
I think I’m down from about 26 million at my peak to about 2 million now.
— David ‘JoelKatz’ Schwartz (@JoelKatz) August 17, 2026
Given his wording, particularly the phrase “I think,” the figures might be taken as his approximate estimate rather than a precise disclosure of his current $XRP balance.
Schwartz’s response, however, suggests that he has not sold or otherwise dumped all of his $XRP, despite the X user’s question implying otherwise. He did not, however, disclose a breakdown of how his $XRP holdings declined, as it is possible that not all of them were outright market sells. Other reasons for the decline could be transfers, gifts, spending, or other transactions.
40,000 $ETH sale in spotlight
Ripple CTO Emeritus David Schwartz has often recounted his well-known sale of 40,000 $ETH, a decision that he regretted.
Schwartz bought 40,000 $ETH tokens at $0.311 and then sold them for $42,000, earning a return of 321%. Shortly after, the Ethereum price went parabolic. Schwartz had used the proceeds of his sale to acquire a set of solar panels, which he installed in his Oakland, California home, which he no longer owns, making it a painful decision.
Schwartz admits that he regrets selling some of his early <a href="https://xpertsstudio.com/us-sec-proposes-new-regulatory-framework-for-crypto-assets/” title=”US SEC proposes new regulatory framework for crypto assets”>cryptocurrency holdings, including $XRP at $0.10 and Ethereum at around $1. He says his decision was driven mainly by his aversion to risk, adding that he wished he hadn’t done so.
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Source: cryptonews.net