Dave Portnoy dumped his XRP two weeks ago: ‘I want to cry’

Key Points

1. Dave Portnoy sold his XRP at $2.40 and expressed regret after its price surged to $3.60, a 19.61% gain in 24 hours.

2. Portnoy admitted he bought XRP out of FOMO, not strong belief in its potential, and sold due to dissatisfaction with its performance.

3. Ripple Labs applied for a national bank charter in the U.S., coinciding with XRP's price surge.

4. The crypto market rallied after the U.S. House of Representatives passed pro-crypto legislation, including the CLARITY Act and GENIUS Act.

5. Approximately $68.16 million in XRP short positions were liquidated during the price surge.