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<ul class="news-points"> 
 <li>Ripple’s CTO David Schwartz said he sold 40K ETH at $1, shortly before the worth of the assets grew to over $100 million.&nbsp;</li> 
 <li>He said his father made a similar decision after he sold his Apple stock, which increased five times after.&nbsp;</li> 
 <li>Since its creation, Ethereum’s price has increased by 83644.79%, while Bitcoin has grown by 71084693.20%.</li> 
</ul> 
In a report not uncommon in the cryptocurrency space, <a href="https://coinedition.com/tag/ripple-xrp/">Ripple</a>’s Chief Technology Officer David Schwartz recently disclosed how an early sale of his Ethereum assets led to him missing out on over $100 million.&nbsp; 
In the <a href="https://x.com/JoelKatz/status/1733222511717040161?s=20" target="_blank" rel="nofollow">post</a> shared on X, Schwartz tweeted that he “sold 40,000 ETH at about $1 to put solar panels on a house I no longer own.” Within a short while, the CTO stated that the 40K ETH grew to over $100 million in worth.&nbsp; 
While drawing parallels between his action and his father’s, Schwartz stated that his father made a similar investment decision. As noted in the series of tweets, Schwartz said his father sold his Apple stock portfolio to fund the purchase and renovation of a new house.&nbsp; 
Like the ETH, which saw a tremendous surge in value afte…
The post <a href="https://coinedition.com/ripples-cto-recounts-losing-out-on-over-100m-after-selling-40k-eth-at-1/">Ripple’s CTO Recounts Losing Out on Over $100M After Selling 40k ETH at $1</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ripple’s CTO Recounts Losing Out on Over $100M After Selling 40k ETH at $1

Coin Edition

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