David Schwartz hasn’t bought XRP in a ‘long time,’ sold millions in 2025
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XRP co-creator and former Ripple CTO David “Joel Katz” Schwartz says he hasn’t “bought XRP in a long time” and that holding Ripple stock is riskier than he’d like. Posting to X on Monday, Schwartz said his aversion to risk has led him to sell “nearly all of the digital assets I’ve ever held.” Schwartz also revealed that he sold around 2.5 million XRP in 2025 while paying $1.7 million in capital gains tax on the sale. Read more: Ripple-linked Uphold faces withdrawal delays amid ‘bank run’ claims According to Schwartz, he received this XRP in 2020 and 2023 when it hit highs of $0.6 and of $0.8 respectively. It then surged to $3.65 in 2025, increases of 508% and 356%.
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