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.
“Thought I Was an Investing Genius”
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.
From Ethereum Regret to XRP Accumulation
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.
Understated Confidence, Not Hype
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.
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