David Schwartz, known as one of the originals $XRP The ledger architect and crypto brains behind Ripple have finally set the record straight on two transactions made by the cryptocurrency. $XRP The community won't stop mocking him — dumping 40,000 people $ETH At $1.05, he gave up almost all of his Bitcoin before it exceeded $7,500.
He admitted that he sold all $40,000. $ETH I stashed away the token when it was trading for just $1.05. As for Bitcoin, Schwartz said he can't remember the exact breakdown, but he believes he has offloaded almost all of it before the price hit $7,500, and probably before it hit $1,000.
i sold everything $ETH For $1.05. I don't know what portion of my Bitcoin I sold and at what price, but I'm pretty sure I sold almost all of it for $7,500, and probably most of it for $1,000.
As much as I tried, I succeeded. There may be a lesson there.
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— David 'JoelKatz' Schwartz (@JoelKatz) February 1, 2026
Stories like this aren't shared for accolades in the crypto world, but that's not what Schwartz set out to do.
No financial advice from Ripple's Schwartz
This information includes a disclaimer of the type: “This is not financial advice.”
Call this something like “crypto winter” due to extreme market conditions. $XRP Also experienced a crash – Schwartz probably with his supporters $XRP The community is advised not to blindly follow or be fooled by investment advice currently being seen on social media.
The former Ripple CTO does not directly share pricing information, but may engage with X viewers by providing puzzles, hints, and clues. Not because they have something behind them, but to confuse conspiracy theorists who are trying to find meaning where there is none.
The lesson is that not all early adopters of cryptocurrencies become millionaires. Some people have built technology, missed out on huge profits, and still walked away as pioneers. Schwartz decided to remind the world that timing the market is harder than building technology.
