David Schwartz, Ripple's CTO, recently shared details about his first investment in XRP, which stirred interest among crypto investors.
Schwartz's Entry Price for XRP
In response to a community post about users' entry prices for XRP, David Schwartz stated that he purchased tokens at “$0.006.” This comment came in reaction to a community member's remark that “Real OGs caught $XRP at $0.50.”
Schwartz's History with XRP
As Ripple's CTO, Schwartz has been pivotal in the development of the company’s products and the XRP Ledger. His involvement predates most investors' awareness of the digital asset, but he did not follow the same investment path as other key figures in Ripple.
Comparison with Other Participants
Unlike other key figures such as Chris Larsen and Jed McCaleb, who actively accumulated XRP, Schwartz opted for a salary and held a 2% equity stake in Ripple. This decision has sparked discussions within the crypto community, especially considering that others like McCaleb have sold off their XRP holdings.
These details highlight the intriguing investment dynamics within Ripple and raise questions about how much XRP David Schwartz actually holds.
