Logan Paul’s $16 Pokemon card sale sparks critisism 

Ripple CTO Emeritus and XRPL architect David Schwartz explains why Logan Paul’s $16.5 million Pokémon card sale was unfair. Logan Paul’s $16.49 million sale of the PSA 10 Pikachu Illustrator card at Goldin in February 2026 set a public auction record, but the transaction has triggered legal threats from fractional investors. 

Ripple CTO Emeritus David Schwartz criticized the deal’s structure, arguing that it concentrated upside with the sponsor while distributing downside risk to retail participants.

The whole controversy started with Liquid Marketplace, a collectibles platform that Paul cofounded. It lets users buy fractional interests in high-value assets. Investors are now…