Ripple’s David Schwartz announced that he had sold $ 40,000 at $1 each as part of a risk management plan he and his wife created in 2012.
Ripple’s technical director David Schwartz announced that he and his wife had decided to come up with a “mock” plan for their crypto investment in 2012 for losing eight figures at current prices.
In a series of tweets posted on October 11, Schwartz announced that he was then selling 40,000 ether (ETH) at $ 1 each, a stock that costs more than $ 15.5 million at today’s prices.
Ripple’s Chief Executive (XRP) also said he regretted selling a large amount of Bitcoin (BTC) for $ 750 and most of the XRP for $ 0.10, but did not announce any sales.
Ripple’s CTO emphasized that his decision to make fun of him in 2012 was shaped by the fact that he was “a risk averse person with people who depend on me financially and emotionally.”
Source: https://cointelegraph.com/news/regrets-ripple-s-cto-sold-40-000-ether-for-just-1-each