Millionaire Dave Portnoy grabs $1 million in XRP after missing god candle
Key Takeaways
- Dave Portnoy stacked XRP, Bitcoin, and Ethereum during Monday's market dip.
- In July, Portnoy sold his XRP at $2.4 just before a 50% increase in its value, prompted by advice regarding competition from Circle.
Barstool Sports founder Dave Portnoy purchased $1 million worth of XRP on Monday, along with $750,000 in Bitcoin and $400,000 in Ethereum. The total investment exceeded $2 million.
“So in total, last night, a million dollars of XRP, 400 ETH, 750 of BTC. Blood in the streets,” Portnoy shared in a video to his 3.7 million followers on X. He called himself a shark taking advantage of the market dip.
The crypto market faced a sharp decline on Monday as Bitcoin sank under $90,000 for the first time since April. Ethereum dipped below $3,000 while XRP fell to $2.1.
For Portnoy, this round was clearly a sweeter re-entry. The millionaire confessed he bailed at $2.4 right before XRP blasted to $3.6. The rally pushed the token past a $200 billion market cap at the time.
Portnoy insisted he’s in hold mode.
“A little dip in the market. I’ve been hold, hold, hold, Braveheart, hold, hold, hold,” he said.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Zcash News Update: Zcash's 15-Fold Jump Ignites Debate Over Privacy and Market Power in Crypto
- Zcash (ZEC) surges 15x to $626 amid Bitcoin's 7-month low, sparking warnings from Bloomberg's Balchunas about privacy coins fragmenting crypto market support. - Winklevoss-backed Cypherpunk Technologies buys $18M ZEC, now holding 1.43% of supply as privacy-focused "censorship-resistant" asset gains institutional traction. - Bitcoin maximalists dismiss Zcash's rally as "Pump & Dump" schemes, while analysts debate whether privacy features undermine Bitcoin's institutional adoption narrative. - Market scrut
XRP News Today: XRP's Support Level Faces Pressure Amid Analyst Disagreements on Potential Decline
- XRP tests critical $1.90–$1.91 support zone amid intensified selling pressure, with whale dumping of 200M tokens exacerbating downward momentum. - Technical indicators show conflicting signals: Ichimoku Cloud bullish bias contrasts with RSI neutrality and bearish Fibonacci retracement risks. - Analysts split between potential 50% rebound if bulls reclaim $2.08–$2.26 levels or 55% slump to $1.00 amid deteriorating network activity and stalled user growth. - Market uncertainty amplified by Bitcoin weakness
TWT's Updated Tokenomics: Genuine Sustainability or Just Postponing Devaluation?
- Trust Wallet Token (TWT) rebranded as Toncoin in 2025, shifting from governance to gamified utility via the Trust Premium loyalty program. - A 2020 token burn eliminated 88.9B TWT (40% of supply), creating scarcity but raising liquidity concerns amid limited adoption incentives. - TNSR's market resilience contrasts with TWT's risks, as centralized utilities and opaque supply management threaten liquidity and institutional trust. - TWT's success depends on balancing gamified engagement with decentralized
Solo Bitcoin Miner Nets $266K in Rare Bitcoin Block Victory
Trending news
MoreCrypto prices
More
