$XRP Holdings Plummet by 92 Percent, Says Former Ripple CTO David Schwartz

David Schwartz, former CTO of Ripple and a prominent figure in the $XRP Ledger, made a significant statement about his personal $XRP holdings. He revealed that he once held approximately 26 million $XRP but has since reduced this amount to around 2 million $XRP. This decrease represents a staggering 92 percent reduction.

Schwarz's statement came in response to a user's question about the size of his personal $XRP holdings. He clarified that his $XRP holdings peaked at approximately 26 million tokens and have since decreased to around 2 million $XRP, which is a significant change.

Notably, Schwartz has previously stated that he prefers to reduce his position as the $XRP price rises, citing risk management as a key factor in these decisions. He emphasized that holding large amounts of cryptocurrency poses a significant risk for him and that he dislikes taking risks.