Oh, darling, gather ‘round for a tale of crypto riches and vague recollections! David Schwartz, aka JoelKatz (yes, the name is as cryptic as his tweets), former Chief Technology Officer of Ripple, casually dropped a bombshell this week. Turns out, he once had 26 million XRP. Twenty. Six. Million. That’s more zeros than my bank account has ever seen. Naturally, he’s playing it cool, saying, “My idea of not a lot is still more than a million.” Oh, David, you humblebragging genius.
This little nugget of info came out during a riveting exchange on X (formerly Twitter, because why not rename everything?). Someone asked about his XRP stash, and he replied with the nonchalance of a man who’s seen it all. “I once had 26 million XRP,” he wrote, probably while sipping a latte and staring into the void of his crypto wallet.
But wait, there’s more! The conversation took a turn into the risk tolerance of Ripple’s founding figures, because nothing says “thrill-seeker” like discussing asset exposure on social media. And who could forget Arthur Britto, Ripple’s co-founder? Apparently, he was selling Bitcoin like it was going out of style (which, let’s be honest, it kind of is) to cover personal expenses while clutching his XRP like a security blanket. Schwartz’s recollection? “Vague.” His certainty? “Nonexistent.” Classic.
David Schwartz reveals he once held 26M XRP and touches on Arthur Britto’s historical preference for holding XRP over BTC.
– 𝗕𝗮𝗻𝗸XRP (@BankXRP) May 4, 2026
Schwartz was quick to add that he has no clue what Britto’s up to now, because apparently keeping tabs on your co-founder’s crypto moves isn’t part of the Ripple alumni newsletter. Still, the XRP community ate this up like it was the last slice of pizza at a party. Public disclosures from Ripple’s founding figures? Rare. Schwartz admitting he once had enough XRP to buy a small island? Even rarer.
Of course, neither Schwartz nor Ripple has commented further, because why spoil the fun? Let the speculation (and memes) commence. After all, in the world of crypto, the only thing more volatile than the market is the gossip.
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2026-05-05 07:51