Ripple CTO’s PHNIX NFT Sparks Price Surge

David Schwartz, Chief Technology Officer (CTO) of Ripple, has made a notable move by updating his X profile picture to an image from the PHNIX NFT collection. This change, which saw his profile picture transform into the popular PHNIX NFT, resulted in a price surge for the associated $PHNIX cryptocurrency token. According to CoinGecko data, $PHNIX prices have risen by over 50% within the past 24 hours, jumping from $0.0001643 to a peak of $0.00002556 and currently hovering around $0.00002424. The surge in price is likely attributed to the excitement surrounding Schwartz’s decision to embrace the PHNIX NFT image.