- Dave Portnoy bought his XRP holdings at $2.40, simply earlier than a 60% value rally pushed it to $3.64.
- He blames the choice on recommendation warning of Ripple’s competitors with Circle.
- Portnoy known as himself the “chief of the XRP military” however now says lacking out on tens of millions makes him need to cry.
Dave Portnoy, the loud-and-proud face behind Barstool Sports activities, will not be having the very best week. And it’s all due to one transfer he now critically regrets: promoting his XRP bag only a bit too early. Like… millions-of-dollars too early.
In a uncooked, barely exasperated video posted to X on July 17, Portnoy spilled the tea. “I bought all my XRP at $2.40,” he stated, including that he bailed on the commerce as a result of somebody who initially hyped it as much as him warned that Circle—yeah, the stablecoin firm—was about to crush Ripple. So, he listened. He bought. After which… XRP went vertical.
The coin pumped 60% since he dumped it. “I might’ve made tens of millions,” Portnoy stated within the video, clearly fuming. “And I need to cry. I don’t personal it anymore. Though I used to be just like the chief of the XRP military… I bought it.”
To make it even worse, XRP hit $3.64 simply earlier than he hit publish on the publish. Brutal timing. Simply absolute ache.
Each Ripple and Circle had utilized for U.S. banking licenses a pair weeks in the past, which fueled hypothesis, rivalry chatter, and apparently, Portnoy’s exit technique. Most likely not the information he ought to’ve acted on… in hindsight.
This isn’t Dave’s first crypto sob story, both. Again in 2021, he rage-quit Bitcoin throughout a dip, solely to observe it rocket previous $123K this month. Name it a curse, dangerous timing, or simply typical buying and selling whiplash—however Portnoy’s crypto performs are giving Greek tragedies a run for his or her cash.
On the time of writing, XRP was nonetheless using excessive at round $3.36—simply 12% shy of its all-time excessive from means again in January 2018. For Portnoy although? That distinction is much less about numbers and extra about what might’ve been.