Dave Portnoy's XRP Sell-Off Cost Him Millions—His Reaction?
Monnie Brunt OkvK
Updated at: a day ago
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'I Want To Cry'
When XRP hit fresh all-time highs above $3.40 last Thursday, not all were rejoicing.
“I would’ve made millions, and I want to cry,” Barstool founder Dave Portnoy said that day in a video posted on X, disclosing that he had sold his XRP bag two weeks earlier at $2.40.
“I don’t own it anymore, even though I was the leader of the XRP army,” he said.
Portnoy, also known as “El Presidente,” said he had dumped his XRP holdings on the advice of an unidentified person who had put him on to the asset in the first place. Portnoy said the individual told him that he was “unhappy” with XRP because he believed Ripple would likely face stiff competition from Circle (NYSE:CRCL), issuers of the USDC stablecoin. Ripple is a blockchain cross-border payments firm. The founders of Ripple were also the creators of XRP.
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