A casual exchange on X has turned into a widely discussed moment within the XRP community, after Ripple’s Chief Technology Officer opened up about selling Ethereum far too early.
It began when tech YouTuber Dave Jones shared a familiar crypto story.“I bought Ethereum at $15. Thought I was winning selling at $90 for a 6-bagger,” he wrote.
For many early investors, that kind of exit once felt like a victory.
The response from David Schwartz, CTO of Ripple and one of the creators of the XRP Ledger, quickly caught attention.
“Same. Sold 40,000 ETH at $1.05 and thought that I was an investing genius.”
Ethereum later climbed into the thousands of dollars, turning early sales like that into some of crypto’s most painful “what if” stories.
The comment resonated because it showed something even seasoned insiders experience: mistimed exits.
The conversation soon shifted to XRP. When asked about his current position, Jones replied simply: “I just acquired more XRP.”
Schwartz followed with another comment that sparked fresh discussion:
“Whenever people tell me they hold or bought XRP, I always tell them that I hope they do really well. They think that I’m being nice to them.”
The remark led some to question whether he was being sarcastic. Others interpreted it as subtle confidence.
Schwartz is known for avoiding price predictions and hype-driven messaging. His public comments typically focus on technology, network development, and long-term adoption rather than short-term price moves.
Within the XRP community, his words were largely viewed as a quiet show of belief in the asset’s future.
The irony remains striking. The executive who once sold Ethereum at $1.05 is now watching XRP’s trajectory unfold in real time.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Strategy purchased 1,587 BTC for approximately $100 million between June 8 and June 14, at…
BitMine acquired 76,881 ETH over the past week, increasing its total holdings to 5.62 million…
After 116 days of conflict, airstrikes, and blockade over blockade around the Strait of Hormuz,…
Cardano has joined the broader crypto market rally, gaining nearly 10% over the past week.…
XRP is finding its way back onto summer watchlists as several market signals begin pointing…
Hyperliquid’s price surged over 10% today, but traders are paying attention to more than price…
