“I Would’ve Made Millions, And I Want To Cry” — Dave Portnoy Laments Selling Early As XRP Goes Parabolic
2025-07-18 20:30:27
Main Idea
Dave Portnoy regrets selling his XRP holdings before its price surged to a record high, while Ripple co-founder Chris Larsen's recent XRP transfers to an exchange suggest potential profit-taking before the rally.
Key Points
1. Dave Portnoy sold his XRP at $2.40 and expressed regret after its price surged over 20% to a record high of $3.65.
2. Portnoy admitted buying XRP out of FOMO (fear of missing out) rather than strong conviction in the asset.
3. Ripple co-founder Chris Larsen transferred $26 million worth of XRP to Coinbase before the price surge, possibly preparing to take profits.
4. XRP's rally followed legislative developments, including the GENIUS Act, which aims to create a federal framework for Ripple's RLUSD stablecoin.
Description
Dave Portnoy is regretting dumping most of his XRP holdings just weeks before the price of XRP entered a phase of parabolic expansion.
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