- Nik Bougalis, the director of engineering at Ripple, is leaving the company
- Both Bougalis and Schwartz’ former EA want to progress their careers.
- XRP is currently trading at $0.4608 after a 0.73% increase in price.
David Schwartz, the CTO at Ripple and an XRP ledger architect, took to Twitter on October 23 to announce that Nik Bougalis, the director of engineering at Ripple, is leaving the company. The CTO also added that he lost his executive assistant (EA) a few months earlier.
According to Schwartz, Bougalis left the company in good spirits with the goal of taking a step up in his professional life.
The same can be said for Schwartz’s former EA, as she left the company to progress in her career to become a CEO. He also mentioned that they enjoyed working together and that he was very sad to lose her.
The CTO also mentioned that he fully supports his former colleague’s decisions to put their careers first, and agreed that Ripple would not have been the place to do that. He concluded the post by stating that he still plans to remain friends with both individuals.
According to the crypto tracking website CoinMarketCap, XRP is currently trading at $0.4608 after a 0.73% increase in price over the last 24 hours, and after reaching a high of $0.4701 over the same time period. Despite the crypto being in the green for the day, XRP is still down more than 4% over the last week.
XRP’s market cap of $22,963,766,395 means that it is currently the 6th biggest cryptocurrency in the market in terms of market capitalization. The crypto’s 24-hour trading volume is currently down 40% to stand at $851,533,948.
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