David Schwartz, Ripple's XRP Ledger co-creator, sold about 2.5 million XRP in 2025 and paid $1.7 million in capital gains tax, disproving claims he was dumping tokens irresponsibly. He revealed that most XRP came from bonuses, and he has significantly reduced his holdings from 26 million to 2 million XRP by August 2026. Schwartz prefers a low-risk approach, cashing out at price highs to secure profits and now holds most of his wealth in Ripple stock, insulating himself from crypto market volatility. This transparency aims to clarify his personal strategy and counter negative speculation about Ripple insiders' token sales.
XRP trades at Rp19.646 on Pluang, down 6.84% as of Nov 09, 2026 18:42 WIB, with a market cap of Rp1.246,52 trillion. Despite David Schwartz's recent token sales and tax disclosures, XRP sees active trading with 38% sell and 62% buy orders, and a typical hold time of 73 days. This ongoing market activity highlights investor interest amid Ripple insiders' strategic moves.
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