Dave Portnoy Regrets Selling XRP Early as Token Hits Yearly High

Barstool Sports founder Dave Portnoy shared his frustration after missing out on recent surge in XRP price, revealing he sold most of his holdings just weeks before the cryptocurrency reached its year-to-date high. In a video posted on X, Portnoy admitted, “I would’ve made millions, and I want to cry. I don’t own it anymore, even though I was the leader of the XRP army.” Portnoy Admits He Sold Out Too Soon XRP recently broke past its yearly high of $3.29, climbing to $3.60 on Thursday and recording a 20% increase in the past 24 hours. Portnoy explained he decided to sell his XRP at $2.40 based on advice from a contact who expressed concerns that Circle, the stablecoin issuer, could compete with Ripple. This decision came just days before Ripple Labs applied for a national bank charter in the United States on July 2, shortly after Circle submitted a similar application. Speaking at Consensus 2025, Portnoy admitted his investment in XRP was driven by FOMO rather than conviction, stating he purchased the cryptocurrency simply in case it turned out to be the next Bitcoin. XRP Rally Mirrors Crypto Market Uptrend XRP’s rally was part of a broader surge across the crypto market , fueled by positive legislative developments in the United States and growing investor confidence. On Thursday alone, approximately $68.16 million worth of XRP short positions were liquidated, according to CoinGlass data , as the asset’s price spiked sharply, catching many traders off guard. The wider market upswing began on July 9, following Bitcoin’s climb past its previous May high of $112,000. However, Thursday marked a pivotal moment for the industry, with the US House of Representatives passing several key bills that could shape the future of crypto regulation in the country. Lawmakers voted 294-134 in favor of the Digital Asset Market Clarity (CLARITY) Act, aimed at establishing a clear regulatory framework for crypto markets. They also passed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act with a 308-122 vote and approved the Anti-CBDC Surveillance State Act with a 219-210 vote. The post Dave Portnoy Regrets Selling XRP Early as Token Hits Yearly High appeared first on TheCoinrise.com .

Source: The Coin Rise