Ripple CTO States His Father Bought XRP at Fraction of a Penny in 2014

• Ripple CTO David Schwartz’s father purchased over one million XRP in April 2014 for approximately half a cent per token.
• With XRP currently trading around $0.51, those tokens are now worth over $500,000.
• Schwartz’s father’s scored an easy 10,000% with his investment.

Cryptocurrency trader Alex Cobb recently asked his community about the lowest price they’ve paid for Ripple (XRP). While many shared purchases around $0.07 to $0.12, Ripple CTO David Schwartz revealed his father’s particularly well-timed 2014 investment.

My father bought over a million XRP in April of 2014 from Justcoin at about a half penny per XRP.

— David "JoelKatz" Schwartz (@JoelKatz) October 3, 2023

In a comment, Schwartz shared that his father had bought over one million XRP in April 2014 through the Justcoin exchange at approximately half a cent per token. This totaled around $5,000 at the time.

With XRP currently trading around $0.51, those tokens are now worth over $500,000, representing gains of nearly 10,000% in under a decade.

Ripple has had a remarkable journey since its inception. However, the prime growth of the company was hindered by the lawsuit filed by the U.S. Secur…

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