David Schwartz Says Selling XRP Doesn’t Make Him | XRP News
David Schwartz as soon as offered 40,000 Ethereum tokens for $1.05 every. That commerce netted him $42,000. Those identical tokens are price roughly $94 million right this moment.
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A Pattern Of Early Exits
It wasn’t a one-time call. Schwartz, the previous chief technology officer of Ripple, additionally held more than 1,000 Bitcoin at one level. He offered the majority of it at $1,000 per coin, then cleared out most of what remained at $7,500.
He now holds much less than one BTC. His XRP story follows a related arc — he offered most of his holdings when the token hit $0.10, having by no means believed it will climb to $0.25.
Those disclosures have drawn scrutiny from corners of the XRP neighborhood, with some pointing to his early exits as proof of poor judgment.
The criticism sharpened just lately when Schwartz publicly questioned whether or not XRP may ever attain $100 or $10,000 — price targets that many in the neighborhood deal with as sensible.
Everyone had the identical alternative to buy and sell XRP that I did. I did the identical factor with bitcoin and ETH and no person appears to have a drawback with that. I totally reject the concept promoting is in some way morally inferior to purchasing and have advocated that everybody sell when it’s…
— David ‘JoelKatz’ Schwartz (@JoelKatz) May 5, 2026
What Schwartz Actually Said
His response got here on X. He pushed back on the concept promoting an asset makes somebody much less dedicated or in some way at fault.
According to Schwartz, each investor had the identical likelihood to buy and sell XRP that he did. He additionally famous that he utilized the identical strategy to Bitcoin and Ethereum, and that neither of these gross sales drew the identical stage of backlash.
Schwartz went additional, saying he has long believed that people ought to sell when it advantages them financially. Reports point out he traced that view back to his early days within the Bitcoin neighborhood, the place that precept was half of the tradition that drew him in.
One neighborhood member argued that builders have a responsibility to carry the tokens tied to their initiatives. Schwartz rejected that reasoning outright, calling it illogical. He did verify, although, that he nonetheless holds more than 1 million XRP.
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The $10,000 Question
On the price debate, Schwartz supplied a market-based argument. Based on stories from his current posts, he stated that if a group of rich buyers actually believed XRP had even a 1% likelihood of hitting $10,000, they’d have already piled in. That shopping for strain, he argued, would have pushed the price to no less than $20 by now.
Some neighborhood members aren’t shopping for it. They level to his earlier skepticism about $0.25 — a stage XRP has since surpassed — as a purpose to query his present learn on the asset’s ceiling.
Schwartz has not walked back his place.
Featured image from Bitpanda, chart from TradingView
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