Dave Portnoy, founding father of Barstool Sports activities, says he’s “able to cry” after promoting most of his XRP holdings—simply earlier than the altcoin hit an all-time excessive.
In a video posted to X, Portnoy shared his frustration. He admitted that holding onto his place would have earned him tens of millions.
Offered at $2.40, Missed Out on Hundreds of thousands
Portnoy bought his XRP at $2.40 amid issues about competitors from Circle’s stablecoin. Shortly after, XRP surged to a brand new all-time excessive of $3.65.
Beforehand, talking at Consensus 2025, Portnoy mentioned he purchased XRP on account of FOMO, with out robust conviction in its long-term potential. His story displays a broader sample throughout retail traders who usually enter crypto markets pushed by concern of lacking out.
Many, like Portnoy, find yourself making emotional choices with out assessing the basics.
In hindsight, he underestimated XRP’s progress potential throughout a unstable however bullish market part.
XRP Rally Fueled by Coverage Tailwinds
XRP’s current rally is a part of a broader market uptrend. The token surged 5% in 24 hours, breaking its earlier excessive of $3.40 to achieve $3.65.
A lot of the momentum stems from rising investor optimism after main crypto legislations, together with the GENIUS Act, have been handed within the US on July 9. The Congressional approval of a number of pro-crypto payments boosted sentiment and inflows throughout the digital asset area.
XRP perpetual futures open curiosity additionally hit a document $8.8 billion, reflecting renewed institutional exercise.
This favorable regulatory momentum may cement XRP’s place as a number one token—particularly if adoption continues to develop globally.
In the meantime, lawyer Fred Rispoli, a vocal XRP supporter, commented on Portnoy’s misstep.
“Whereas it’s actually admirable that Dave is on board with the perfect workforce in school soccer, his paper palms all the time come again to hang-out him in crypto. He’s basically the Ohio State of crypto,” Rispoli wrote on X.
As XRP builds power, traders are actually watching regulatory developments intently. Any additional progress in laws may considerably form the token’s future.
With rising market cap and rising mainstream acceptance, XRP stands out as one of the intently watched property within the crypto area.
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