Ripple CTO Reveals His XRP Entry Price
2025-07-06 07:16:02
Main Idea
Ripple CTO David Schwartz revealed his early investment in XRP at $0.006, highlighting his long-standing involvement with the cryptocurrency and its development.
Key Points
1. David Schwartz, Ripple's CTO, disclosed that he purchased XRP at $0.006, indicating his early participation in the cryptocurrency.
2. XRP traded at $0.006 as far back as March 2017, making Schwartz's entry point significantly earlier than many others.
3. Schwartz chose to take a salary and a 2% equity stake in Ripple instead of accumulating XRP like other key figures in the company.
4. Schwartz's father bought over a million XRP in 2014 at $0.005, an even lower entry price than Schwartz's own investment.
5. Schwartz remains a vocal advocate for XRP, despite not initially accepting tokens as part of his compensation.
Description
For those who have followed XRP since its early days, questions about initial investments and timing are often sources of interest. Recently, Ripple’s Chief Technology Officer (CTO), David Schwartz, joined the conversation, revealing how early he invested in XRP. In a reply to a community post asking users to share their XRP entry price, Schwartz revealed that he purchased his tokens at “$0.006.” The comment came in response to a tweet by a community member, who had remarked that “Real OGs caugh...
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