Ripple CTO Schwartz Defends Million Token Dump

Tax Assessment Proves Million Token Dump

Ripple CTO Emeritus David Schwartz published his $1.70M tax assessment on social media Tuesday to answer persistent accusations of insider dumping. Public social media exchanges forced the protocol co-creator to clarify his exact financial footprint. He liquidated 2,500,000 XRP tokens during 2025. Almost all disposed units originated from compensation bonuses allocated in 2020 and 2023. Trading desks took immediate notice of the disclosure.

Personal disclosures confirmed his individual balance fell from 26,000,000 tokens down to 2,000,000 tokens by August 2026. A 92% reduction occurred through systematic open-market selling and private transfers. Early profit-taking began when valuations crossed $0.10. Historic skepticism drove him to exit positions early. He famously liquidated 40,000 ETH tokens at $1.05 apiece years prior. The engineer rejected traditional diamond hands ideology entirely.

Risk Aversion Drives Equity Shift

Strict household risk rules dictated selling fixed tranches during every new market high. Personal net worth detached completely from exchange volatility. Most capital moved out of volatile spot markets directly into private Ripple company stock. Illiquid corporate shares insulated his personal wealth from sudden exchange crashes. Trading volume on major spot books adjusted slightly as liquidity fragmented across alternative networks. Exchange order-book depth monitored by market data providers showed steady execution.

Corporate disclosures confirm that over 1,700 institutions currently utilize the firm's payment rails. Revenue climbed fast across international corridors. Trading desks monitored liquidity flows closely during the executive disclosures.

Garlinghouse Projects Nine Hundred Million Revenue

Ripple CEO Brad Garlinghouse stated during the Swell conference in New York Tuesday that the enterprise blockchain firm is on track to finish 2026 with $900M in annualized product revenue. Order-book volumes and platform metrics shared by corporate executives indicate a 3x expansion in the number of clients deploying multiple products from the firm's balance sheet over the past year. BNYS expanded its existing partnership with Ripple to integrate digital asset custody and tokenized trade finance using XRP and RLUSD.

Garlinghouse defended the pragmatic deployment of XRP during panel discussions at the event, noting that the digital asset does not need to power every single transaction to remain commercially viable. Corporate strategy dictates focusing XRP adoption specifically where cross-border settlement speeds offer clear cost advantages over legacy wire networks. Robinhood signed on to use Ripple infrastructure and the stablecoin for institutional settlement and prime brokerage operations.