The decision of former Ripple CTO David Schwartz to return to the spotlight after old data showed he had held 26 million XRP since 2012. The tokens were purchased using Bitcoin (BTC), not as a gift from Ripple.

Back then, 14 years ago, the value of his 26 million XRP was only around US$130,000. A year later, the amount increased to US$390,000, before rising again to around US$520,000 in 2014.

However, the XRP price dropped significantly throughout 2015 to 2016. The average price of the crypto asset was only at US$0.006, reducing his total holdings to about US$156,000.

Unfortunately, Schwartz sold most of his XRP when the price slightly increased to around US$0.1 in 2017.

Meanwhile, a major surge actually occurred in the same year when the average XRP price reached US$2.3. At that point, Schwartz’s 26 million XRP could have been worth up to US$59.8 million or equivalent to IDR 1 trillion.

Now, the XRP price has plummeted to around US$1.4 per token. That value is still about 63 percent below the all-time high of US$3.8 reached in January 2018, but it still makes Schwartz’s early sale story a hot topic in the crypto community.

Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).

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