David Schwartz hasn't bought XRP in years: and his latest comments ignited a firestorm.
David Schwartz, former CTO of Ripple, has significantly reduced his XRP holdings from 26 million to 3 million, citing risk discomfort as the reason for selling most of his digital assets.
His comments raised concerns among the XRP community about his trust in the asset, leading to discussions about the implications for Ripple's business model and possible legal action.
Despite a recent 2.2% drop in XRP value and an 18% plunge over the past week, Schwartz made it clear that his personal risk tolerance does not reflect a negative outlook on XRP's future.