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Ex-Ripple CTO David Schwartz cuts XRP holdings by 88%, selling most Bitcoin and Ethereum too.

Market News
11 Nov 2026, 08:56 WIB
The Currency Analytics
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Bearish
Ex-Ripple CTO David Schwartz cuts XRP holdings by 88%, selling most Bitcoin and Ethereum too.

David Schwartz, former CTO of Ripple, has drastically reduced his cryptocurrency holdings, cutting his XRP from about 26 million to 3 million tokens, a drop of over 88%. He also sold nearly all his Bitcoin and Ethereum, reducing from 1,500 BTC to 1 BTC and 40,000 ETH to 6 ETH respectively. Schwartz cites low risk tolerance and a disciplined sales plan as reasons for these moves, which have sparked discussion in the XRP community amid the token's price struggles. Despite the sell-off, he still holds significant Ripple stock, indicating ongoing interest in the company despite reduced crypto exposure.

XRP trades at Rp19.074 on Pluang, down 4.34% in the past day as of Nov 11, 2026 14:21 WIB. The token's market cap is Rp1.222,52 trillion with a 24-hour volume of Rp48,75 trillion. On Pluang, 56% of orders are buys, and typical holding time is 73 days, showing steady interest despite recent price drops.

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