David Schwartz, Ripple's CTO Emeritus, sold 2.5 million XRP in 2025 and paid $1.7 million in capital gains tax, according to a post on X. The tokens were primarily from bonus awards in 2020 and 2023. His holdings have dropped from approximately 26 million XRP at peak to about 2 million by August 2026, representing a 92% reduction. Schwartz said he followed a disciplined strategy, selling a fixed portion at each all-time high, with most tokens converted through open market exchanges rather than block trades.

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