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Ripple's ex-CTO David Schwartz sells 23M XRP, slashing crypto holdings drastically due to low risk tolerance.

11 Nov 2026, 07:29 WIB
UToday
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Bearish
Ripple's ex-CTO David Schwartz sells 23M XRP, slashing crypto holdings drastically due to low risk tolerance.

David Schwartz, former CTO of Ripple, revealed he sold about 23 million XRP, reducing his holdings from 26M to 3M tokens. He also sold nearly all his Bitcoin and Ethereum, citing very low risk tolerance and a pre-planned sales strategy. Schwartz's sales included 2.5M XRP sold in 2025, with significant capital gains taxes paid. Despite selling most of his crypto, he still holds Ripple stock, but the XRP community is frustrated with the token's poor price performance.

XRP's market cap stands at Rp1.216,64 trillion with a 24-hour trading volume of Rp49,04 trillion as of Nov 11, 2026, 12:51 WIB. The token is priced at Rp19.152, down 3.26% in the past day, while Pluang order activity shows a slight majority of buyers at 56%. This trading behavior contrasts with David Schwartz's recent large XRP sales, highlighting ongoing market dynamics.

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