Growth
Ripple Co-creator David Schwartz Confirms XRP Sale
Ripple co-creator David Schwartz has confirmed selling approximately 2.5 million XRP, which he had held since 2020 and 2023 as bonuses. He paid $1.7 million in capital gains tax for the sale, which he posted to refute critics who accused him of dumping XRP. Schwartz's XRP holdings have decreased significantly from a peak of 26 million in 2024 to just 2 million by August 2026, with most sales made on the open market at prices below $0.25.