American Businessman Dave Portnoy Regrets Selling XRP: ‘I Would’ve Made Millions’
2025-07-18 07:09:31
Main Idea
American businessman Dave Portnoy regrets selling his XRP holdings before its price surged, missing out on significant gains, as the cryptocurrency market experiences a rally following legislative developments.
Key Points
1. Dave Portnoy sold most of his XRP holdings at $2.40, missing out on its subsequent surge to $3.60, a 19.61% gain in 24 hours.
2. Portnoy admitted he lacked strong conviction in XRP and bought it out of FOMO, hoping it would become the next Bitcoin.
3. XRP's rally led to $68.16 million in short positions being liquidated in 24 hours, part of a broader crypto market upswing.
4. XRP perpetual futures open interest hit a record $8.8 billion, with wallets holding 1 million or more XRP tokens reaching an all-time high.
5. The crypto market surge followed the US House of Representatives passing three cryptocurrency-related bills, boosting investor confidence.
Description
Barstool Sports founder Dave Portnoy is expressing regret after selling most of his XRP holdings just weeks before the cryptocurrency hit new year-to-date highs on Thursday. Key Takeaways: Dave Portnoy regrets selling most of his XRP early, missing out on millions. XRP’s recent rally triggered $68 million in short position liquidations amid a broader crypto market surge. The crypto market rally follows key US legislative wins. In a video posted to X , Portnoy said, “I would’ve made millions, and...
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