Ripple’s Honorary CTO Reveals XRP Holdings Dropped from 26 Million to 2 Million

BitcoinWorld Ripple’s Honorary CTO Reveals XRP Holdings Dropped from 26 Million to 2 Million David Schwartz, Ripple’s honorary chief technology officer, disclosed on social media platform X that his personal XRP holdings have significantly decreased from approximately 26 million tokens to around 2 million.

At current market prices, this reduction represents a decline from roughly $26 million to about $2 million in value. Background and Context Schwartz, a key figure in the development of the XRP Ledger, stepped down from his full-time CTO role late last year.

He now serves as a board member at Ripple, the blockchain company closely associated with XRP. His disclosure came in response to community queries about his holdings, sparking discussions about executive token management and market sentiment.

The exact timeline of Schwartz’s sales or transfers remains unclear, and he did not specify the reasons behind the reduction. Such moves could reflect portfolio diversification, personal financial planning, or other undisclosed factors.