{"id":250181,"date":"2026-11-11T10:27:28","date_gmt":"2026-11-11T10:27:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=250181"},"modified":"2026-11-11T10:27:28","modified_gmt":"2026-11-11T10:27:28","slug":"xrp-news-ripples-david-schwartz-cut-his-holdings-by-88-should-investors-worry","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=250181","title":{"rendered":"XRP News: Ripple\u2019s David Schwartz Cut His Holdings By 88% \u2013 Should Investors Worry?"},"content":{"rendered":"

In XRP news this week, David Schwartz, one of the designers of the XRP Ledger and Ripple\u2019s chief technology officer emeritus, said on Tuesday that he has sold most of his XRP over the years. He put his peak holding at about 26 million XRP and his current stack at about 3 million.<\/p>\n

\u201cIt\u2019s not a secret,\u201d Schwartz wrote on X, where he posts as JoelKatz. His Bitcoin and Ethereum went almost to zero too: from about 1,500 BTC to 1, and from about 40,000 ETH to 6.<\/p>\n

It’s not a secret. I think I’m down from a high of around 26 million XRP to around 3 million XRP. Down from around 1,500 BTC to 1 BTC. Down from around 40,000 ETH to 6 ETH.https:\/\/t.co\/EnFjk9aXu1<\/a><\/p>\n

\u2014 David ‘JoelKatz’ Schwartz (@JoelKatz) November 10, 2026<\/a><\/p>\n\n

The timing stung. XRP trades at $1.056, down 17% in a week. That is 71% below its July 2025 record of $3.65.<\/p>\n

Schwartz says he sold under a simple rule: sell at every new all-time high. We checked how often that rule would have fired. Since its January 2018 peak, XRP has closed at a new record on only two days, both in July 2025.<\/p>\n

So did one of XRP\u2019s best-known builders dump on holders?<\/p>\n

EXPLORE:\u00a0Bitcoin Safe-Haven Narrative Is Falling Apart? Liquidations and ETF Outflows Wipe Out Bulls<\/a><\/strong><\/p>\n

XRP News: Schwartz Sold Into Rallies, Not Into This Drop<\/h2>\n

The numbers say he sold slowly, over years. Schwartz gave no dates and no sale prices, so nobody outside knows exactly when the coins changed hands.<\/p>\n

He has given the reason before. In a July post, he set out his rule: he \u201cagreed with my wife to sell at every new ATH and I really, really hate risk\u201d.<\/p>\n

He added more on Monday, November 9. He said he has \u201csold nearly all of the digital assets I\u2019ve ever held\u201d and has not bought XRP \u201cin a long time\u201d. He still holds \u201cquite a bit of Ripple stock\u201d, which he called more risk than he would like.<\/p>\n

The scale is large on paper:<\/p>\n

XRP sold:<\/strong> about 23 million XRP, an 88% cut from his peak.
\nWhat is left:<\/strong> about 3 million XRP, worth about $3.2 million at today\u2019s price.
\nBitcoin:<\/strong> 1,499 BTC sold. Those coins would be worth about $110 million at today\u2019s price of about $73,800.<\/p>\n

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