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Former Ripple CTO sells XRP as whales buy $72 million

David Schwartz, former Ripple chief technology officer, has reduced his XRP holdings by 23 million tokens and sold nearly all his Bitcoin and Ethereum. Large XRP buyers, meanwhile, have added about $72 million of the token.

Illustration: A shiny metal basket filled with round tokens of many colors stands on a coral backdrop with a soft shadow.
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David Schwartz, Ripple's former chief technology officer (CTO), has cut his XRP holdings by 23 million tokens. He has also sold nearly all of his Bitcoin and Ethereum, and he gave his very low tolerance for risk as the reason.

Over the last few days, large holders of XRP, known as whales, bought nearly $72 million of the token. Their buying runs against the wider crypto market, where large Bitcoin and Ethereum investors have been selling heavily.

XRP$1.03down −24.49%over 1 month
$1.37$1.0314 Oct13 Nov

Prices by CoinGecko. Past moves say nothing about future ones.

$1,000 in XRP

Had you put $ into XRP a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

GuideCrypto Fear and Greed Index today: how fearful or greedy the crypto market is

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