Ripple’s Former CTO Says He Sold 40,000 ETH When It Was $1.05

Published at 2026-03-01 10:00:12

In a post on X, David Schwartz, Ripple's former CTO, said he sold 40,000 ETH when the token traded at $1.05 and briefly felt like an "investment genius." At the time, the trades brought him about $42,000 in proceeds. The anecdote is a stark reminder of how early-stage choices in crypto can look very different in hindsight.

Schwartz's reflection matters because it humanizes high-profile industry figures and highlights the massive opportunity costs that come with timing and liquidity needs. For traders and investors it’s a cautionary tale about volatility, conviction, and the role of luck in outsized returns. The post also stokes discussion around executive decisions at firms like Ripple and how personal trading histories shape public perception of crypto leadership.

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Published at 2026-03-01 17:45:16

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Published at 2026-03-01 15:30:10

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