Many expect project founders to hold on to their tokens, but Schwartz sold most of his Bitcoin and Ethereum and reduced his XRP holdings to 3 million 📈 $XRP
Ripple's David Schwartz said he reduced his XRP holdings from 26 million to 3 million. He also sold most of his $BTC and $ETH.
The explanation he gave was based on personal trading rules he had set for himself, not a change in his outlook on the project. But investors have started asking about these rules and the timing of the sale.
The pattern is familiar in the market: a founder reduces their position, and traders interpret the news in two ways. One group sees it as ordinary risk management, while the other sees it as a sign of what insiders know that the public doesn't.
If you hold the coin, the news might prompt you to calmly review the size of your position instead of rushing in either direction. The founder's sale may say nothing about the future of the mainnet itself, as reports don't confirm any developments related to the sale.
Bottom line: follow the rules the founder announces, not just the sale figure.
If you were in their shoes, would you keep all the tokens or sell some? 👇
#XRP #Ripple
This content is for informational purposes only and is not financial advice.
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