Ripple CTO’s Departure Sparks Discussion on XRP Market Capitalization

David Schwartz, co-founder of XRP and former Ripple CTO, announced his departure in October after over 13 years. This unexpected move left the XRP community surprised but Schwartz indicated he won’t be leaving the space entirely. He made waves by revealing Ripple may sell the rights to unlocked XRP held in escrow accounts. These rights can only be exercised by Ripple itself, and cannot be transferred without their approval. While this doesn’t guarantee immediate releases of these locked tokens, it sparked discussion about how XRP’s market capitalization is calculated. Concerns about discrepancies in reporting have fueled debate on whether XRP’s market value is truly reflective of its supply.