David Schwartz, Ripple’s former chief technology officer, says he went from holding about 26 million XRP to roughly 3 million, a reduction of 23 million tokens or more than 88%. He also reduced his bitcoin holdings from around 1,500 BTC to 1 BTC and his Ethereum holdings from nearly 40,000 ETH to 6 ETH. Schwartz says he sold about 2.5 million XRP in 2025 and paid roughly $1.7 million in capital gains taxes on his sales. The former executive attributes the sales to his very low risk tolerance and says a written plan prepared with a lawyer is in place at least 30 days before each XRP sale.
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