Famous media personality and self-acclaimed XRP leader Dave Portnoy expresses regret over selling his XRP stash too early and missing out on a 60% rally.
Portnoy, the founder of Barstool Sports, expressed this regret in a short clip shared on X yesterday. ‘Confessing’ to his 3.7 million X followers, Portnoy admitted that he sold his XRP holdings two weeks ago based on the recommendation of someone who grew concerned about the investment.
According to him, this ‘advisor’ had previously encouraged him to purchase XRP. Hence, he sold when they asked him to do so.
Portnoy Regrets Selling XRP
Notably, Portnoy’s regret stems from the fact that XRP has soared 60% after he had sold his holdings. This saw him miss out on massive profits worth millions of dollars. Regretting this decision, Portnoy admitted that he felt like “crying” knowing that he does not own XRP anymore.
“Even though I’m the leader of the XRP army, I sold it,” Portnoy remarked.
Initial Interest in XRP
The Barstool Sports founder had invested heavily in XRP over the past few months. During a December 2024 livestream, Portnoy revealed that he had amassed $1.3 million worth of XRP. He claimed to have also committed $1.5 million to Bitcoin. In February, the businessman stated that he had purchased an additional $1 million worth of XRP.
Following that investment, Portnoy suggested that he would hold his XRP stash and avoid trading it anytime soon. He believed that XRP could easily soar 10 times in the near future. However, he does not see Bitcoin achieving a similar feat anytime soon.
In his view, XRP could become the next Bitcoin — a major factor that attracted him to the token. Despite his initial conviction about XRP, Portnoy still liquidated his stash just weeks ago.
XRP Soars Over 60%
For context, the price of XRP has soared heavily over the past few weeks. As of two weeks ago, when Portnoy claimed he sold his XRP holdings, the price hovered around the $2 region but has since spiked over 60% to a multi-year high of $3.65.
At its current price of $3.62, XRP is 5.5% away from reaching its previous all-time high of $3.84, set in January 2018, more than seven years ago. Yesterday, XRP’s market cap crossed $200 billion for the first time and subsequently climbed to $215 billion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.