According to posts on X between November 9 and 10, 2026, Ripple's former Chief Technology Officer David Schwartz disclosed that he reduced his XRP holdings from approximately 26 million tokens to 3 million, a reduction of roughly 88.5%. His Bitcoin holdings fell from 1,500 BTC to one Bitcoin, while his Ethereum position declined from approximately 40,000 ETH to six ETH.

Schwartz, now CTO Emeritus, attributed the sales to personal risk aversion rather than concerns about Ripple's technology or XRP's prospects. He sold approximately 2.5 million XRP during 2025, resulting in approximately 1.7 million U.S. dollars in capital gains taxes. The transactions followed written trading plans established with an attorney at least 30 days before execution, designed to address concerns about insider trading.

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