- Portnoy’s XRP journey
- XRP ETF losses
Barstool co-founder Dave Portnoy has revealed that he has bought one other $1 million price of XRP.
The controversial influencer and market commentator additionally purchased roughly $500,000 price of BTC at $82,000.
Quoting well-known investor Warren Buffett, Portnoy acknowledged that one has to purchase when there may be “blood within the streets.”
The Barstool Sports activities founder and controversial market commentator revealed on Friday that he has bought $1 million price of XRP, alongside a $500,000 purchase of Bitcoin (BTC) on the $82,000 stage.
Portnoy’s XRP journey
Portnoy’s relationship with XRP has been significantly peculiar. He has regularly expressed a begrudging respect for the “XRP Military,” the token’s notoriously vocal on-line neighborhood.
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In mid-2025, Portnoy positioned himself because the self-proclaimed “Chief of the XRP Military.”
In July, he revealed that he had bought his whole XRP place at roughly $2.40, citing dangerous recommendation that stablecoin issuer Circle would crush Ripple’s enterprise mannequin. Two weeks later, XRP surged to a brand new all-time excessive of $3.66.
Unable to remain on the sidelines, Portnoy re-entered the sector in late 2025.
In November, he introduced a $1 million buy of XRP (together with BTC and ETH) throughout a market dip.
XRP ETF losses
Within the meantime, US-based XRP exchange-traded funds suffered a large exodus of capital on Thursday.
In line with the info supplied by SoSoValue, XRP ETFs recorded a web outflow of $92.92 million on Jan. 29.
This marks the second main pink day for XRP ETFs in roughly every week after a $53.32 million outflow on January 20.
Nonetheless, the waning institutional curiosity has not dissuaded Portnoy from one other huge buy.