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**Bos Ripple Fails to Profit Rp1 Trillion Due to Selling XRP Too Quickly**

The decision of former Ripple CTO David Schwartz to sell has become a hot topic again 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 about 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 around 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.

In fact, a major surge 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 Rp1 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).*

-# Image source: Crypto Academy (2026)
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