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Debates about the XRP holdings of former Ripple Chief Technology Officer (CTO) David Schwartz have continued across the crypto market. A new update from an XRP researcher estimates how much Schwartz’s reported XRP stash could have been worth each year from 2012 through 2026 if he had not sold any of his holdings.
According to a report shared by crypto researcher “BankXRP,” Schwartz previously held 26 million XRP tokens. The analysis tracks how the value of that amount would have changed based on XRP’s average price in each period.
BankXRP also highlighted that Schwartz sold a large portion of his XRP holdings when the token price was roughly $0.10. The report states the sell-off was not executed as a single transaction; instead, Schwartz liquidated parts of his holdings in multiple waves between 2012 and 2020 as part of a de-risking strategy.
The researcher estimates that this specific sale activity generated about $2.6 million at the time, while the market continued to fluctuate afterward. On May 6, 2026, Schwartz said on X that he “once had 26 million XRP” but now holds considerably less.
In additional comments shared on X, Schwartz described his broader financial strategy and said he has moved a significant portion of his wealth away from direct crypto exposure, including XRP. He said he prefers to limit financial risk even though some of his past investments were highly successful.
Schwartz also said he does not have much of his original XRP stash left, explaining that he dislikes risk and prefers a more conservative approach. While he views cryptocurrency as a rare opportunity to build wealth, he said he is comfortable missing out on potential gains because he prioritized stability over the highest possible returns in a volatile market.
He further suggested that he could have become a billionaire if he had taken more risks with his portfolio, adding that his current level of success reflects the amount of risk he was willing to accept. He said his main connection to the blockchain industry is through ownership of Ripple stock, which he described as providing sufficient exposure to the crypto space while keeping his other finances secure.
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