David Schwartz, former Chief Technology Officer of Ripple, has sold nearly all of his cryptocurrency holdings, citing low risk tolerance as the reason.
Schwartz's portfolio shrank dramatically from approximately 26 million XRP, 1,500 BTC, and 40,000 ETH to roughly 3 million XRP, 1 BTC, and 6 ETH. The move represents a near-complete liquidation of positions he accumulated during his tenure at Ripple.
Former Ripple CTO David Schwartz Sells Nearly All Crypto Holdings
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