The XRP holdings of former Ripple CTO David Schwartz have plummeted by a massive 23M XRP. David Schwartz, former chief technology officer of Ripple, has disclosed that he has sold the overwhelming majority of his XRP holdings over time.
As a result, his crypto holdings have taken a massive hit. Taking to the social media platform X recently, Schwartz shared that he has gone from holding around 26M XRP at one point to just 3M XRP.
That's a massive reduction of around 23M XRP. This represents a decrease of over 88% from his peak XRP holdings.
“It's not a secret. I think I'm down from a high of around 26 million XRP to around 3 million XRP,” David Schwartz divulged.
Schwartz has also revealed that he has slashed his Bitcoin holdings from around 1,500 BTC all the way down to just 1 BTC. He has gone even further with his Ethereum holdings too (from around 40,000 ETH to just 6 ETH).
As such, Schwartz has sold off nearly all his previous Bitcoin and Ethereum holdings.
It is not clear when he made the bulk of his sales or how much he made from them.
Why David Schwartz dumped so much XRP
Schwartz's latest update comes after a few different revelations about his crypto sales tactics.
As reported by U.Today, the former Ripple CTO recently admitted to selling around 2.5M XRP in 2025 alone.
Most of these tokens were received in 2020 and 2023, according to Schwartz.
He revealed that he had to pay around $1.7 million in capital gains taxes on his sales.
The Ripple veteran has repeatedly justified his crypto sales by citing his extremely low risk tolerance.
In July, Schwartz even disclosed that he and his wife had decided to sell off some of their crypto holdings whenever new all-time highs were reached.
Most recently, he detailed that he has a written sales plan set up with a lawyer at least 30 days before selling his XRP.
He has admitted that he hasn't been buying XRP for a long time now.
At the same time, Schwartz does still hold a significant amount of Ripple stock, but that also leaves him exposed to more financial risk than he'd ideally prefer.
The revelation comes at a time when there is mounting frustration among the XRP community over the cryptocurrency's lackluster price performance.
At the start of this month, Schwartz was called out by an XRP holder wondering if he was somehow to blame for the token's downturn.
As reported by U.Today, the former Ripple CTO stressed that he probably had very little impact.