David Schwartz, the CTO of Ripple, updated his profile picture on X, resulting in a significant increase in the price of the $PHNIX token.
Update by David Schwartz
On September 7, 2025, David Schwartz updated his profile picture on X to an image associated with the PHNIX NFT collection. This change triggered a substantial spike in the price of the $PHNIX token.
The PHNIX NFT Collection
The PHNIX collection consists of 1,589 unique NFTs created on the XRP blockchain. Each NFT in this collection has its own rarity rating and is directly tied to the $PHNIX meme coin, symbolizing the resilience of the XRP community.
Trends Among High-profile Individuals
David Schwartz joins a growing number of high-profile individuals using NFTs as profile pictures. In July 2025, billionaire Mike Novogratz also updated his avatar to a Nakamigos NFT, while Ethereum co-founder Vitalik Buterin adopted a milady maker image for his profile.
David Schwartz's avatar update highlights the influence of high-profile individuals on the NFT space and the cryptocurrency market.






