David Schwartz, Ripple’s former chief technology officer, said on X that he had not bought XRP in a long time and had sold nearly all the digital assets he had ever held because he is uncomfortable with risk. His XRP holdings fell from 26 million to 3 million, while his Bitcoin positions declined from 1,500 to 1 BTC and his Ethereum holdings from 40,000 to 6 ETH. He still holds a significant amount of Ripple stock, which he considers more risky than he would prefer. His comments prompted questions from some XRP holders, who questioned why a former leader involved in creating the XRP Ledger could view the asset as risky. Meanwhile, XRP fell 2.2% over the past 24 hours and more than 18% over the past week, trading near $1.06 and ranking sixth by market capitalization behind USDC.
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