Barstool Sports activities founder Dave Portnoy is kicking himself for promoting off most of his XRP simply weeks earlier than the cryptocurrency reached new year-to-date highs on Thursday.
“I might’ve made hundreds of thousands, and I need to cry. I don’t personal it anymore, despite the fact that I used to be the chief of the XRP military,” Portnoy said in a video posted to X on Thursday.
His feedback got here shortly after XRP (XRP) broke its yearly excessive of $3.29 and surged to $3.60, marking a 19.61% achieve previously 24 hours on the time of publication, according to Nansen knowledge.
Dave Portnoy expresses deep remorse about promoting XRP at $2.40
“I offered XRP when it went as much as $2.40 as a result of the man that advised me to purchase it advised me to promote it as a result of he thought Circle would compete with them and was sad with it,” Portnoy defined.
On July 2, Ripple Labs, which is related to the XRP token, utilized for a national bank charter in the United States, simply two days after stablecoin issuer Circle did the identical.
At Consensus 2025, Portnoy admitted he didn’t have “some grand perception” in XRP; he purchased it out of FOMO, simply in case it changed into the following Bitcoin (BTC).
Crypto market rallies on optimistic crypto laws information
Thursday’s XRP rally noticed roughly $68.16 million in XRP brief positions liquidated over the previous 24 hours, according to CoinGlass knowledge.
It got here as a part of a broader crypto market upswing that started on July 9, after Bitcoin surged previous its Might excessive of $112,000.
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Nonetheless, Thursday noticed a standout second for the business, following a collection of legislative wins within the US Home of Representatives.
In a Thursday Home session, lawmakers voted 294-134 to pass the Digital Asset Market Readability (CLARITY) Act, a invoice geared toward establishing a market construction for cryptocurrencies; 308-122 in favor of the Guiding and Establishing Nationwide Innovation for US Stablecoins (GENIUS) Act; and 219-210 for the Anti-CBDC Surveillance State Act.
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