'Sick to My Stomach': Why Dave Portnoy Fumbled His XRP Bag Before the Boom
Summary
Dave Portnoy sold his XRP holdings at $2.40, missing out on potential gains as the price surged to $3.65 shortly after. He attributed the decision to advice from his unnamed "XRP guy," who expressed concerns about USDC stablecoin issuer Circle. Portnoy's XRP stake was valued at nearly $3 million at the time of sale. Following his exit, XRP's price increased significantly, breaking its previous peak of $3.40, driven by market momentum and interest from ETF issuers. Despite the setback with XRP, Portnoy reported that he is still performing well with Bitcoin and Ethereum investments but acknowledged that the XRP situation was disappointing.
