David Schwartz, former Chief Technology Officer of Ripple, disclosed that he once held 26 million XRP, significantly more than his current holdings. This revelation came during a social media exchange about risk tolerance and crypto exposure among Ripple's founding figures. Schwartz's comment highlighted the changes in his personal holdings since the network's inception.
In the same discussion, Schwartz mentioned that Ripple co-founder Arthur Britto had historically preferred holding XRP over Bitcoin, selling the latter to cover personal expenses. However, Schwartz emphasized that his recollection was vague and dated, and he is unaware of Britto's current holdings or strategy. The exchange attracted attention within the XRP community due to the rarity of such disclosures from Ripple's founders.
Former Ripple CTO David Schwartz Reveals Past Holding of 26M XRP
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