Ripple chief technology officer (CTO) David Schwartz revealed on Twitter that he is an XRP whale, with more than one million coins in his possession.
According to a tweet published on November 24, Schwartz claims to own between one million ($660,000) and ten million XRP ($6.6 million), giving the CTO a substantial position.
Let's just say more than 1 million and less than 10 million.
— David Schwartz (@JoelKatz) November 24, 2020
Earlier in the month, Schwartz divulged more information about his crypto portfolio and trading habits. The Ripple executive explained in a Quora post that he had lost a significant amount of money trading altcoins which ultimately proved to be “worthless.”
He said:
The 40,000 ETH that I sold at $1 was all me though.
— David Schwartz (@JoelKatz) October 11, 2020
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