Altcoins News

Story: Dave Portnoy Regrets Selling XRP Early as Price Hits New Highs

By James Thorp

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Portnoy Blames a Bad Tip. Explaining the rationale behind his decision, Portnoy said he sold after being advised that…

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XRP Soars Amid Broader Market Rally. XRP’s rally on Thursday wasn’t just a one-off event.

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Ripple Labs’ Strategic Move. Ripple Labs has also been active behind the scenes. Just days before XRP’s surge, the company…

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The Emotional Rollercoaster of Trading. Portnoy’s case serves as a stark reminder of the emotional challenges that come with crypto trading.

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What This Means for Crypto Traders. XRP’s rally, combined with recent positive developments in U.S.

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Barstool Sports founder Dave Portnoy is feeling the sting of a missed crypto opportunity after unloading his XRP holdings just weeks before the token surged to its highest price…

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“I would’ve made millions, and I want to cry,” Portnoy said. “I don’t own it anymore, even though I was the leader of the XRP army.”

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Portnoy’s emotional reaction reflects the frustration of many retail investors who exit positions too early during volatile market cycles.

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Explaining the rationale behind his decision, Portnoy said he sold after being advised that Circle—a competing crypto firm—might outperform Ripple Labs, the company closely tied…

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“I bought it on a hunch and got rid of it on someone else’s hunch,” Portnoy admitted at Consensus 2025, adding, “I didn’t believe in XRP from the start.

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XRP’s rally on Thursday wasn’t just a one-off event. The entire crypto market saw a boost, with Bitcoin surpassing its May highs and climbing beyond $120,000.

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XRP’s momentum appears to be part of a larger shift in market sentiment, driven in part by favorable regulatory developments in the United States.

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The CLARITY Act, aimed at setting a formal market structure for digital assets.

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The GENIUS Act, focused on regulating and fostering innovation in stablecoins.

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The Anti-CBDC Surveillance State Act, intended to block central bank digital currencies that could compromise financial privacy.

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