“I Want to Cry”- Barstool CEO Dave Portnoy As XRP Breaks All Time High

18 Jul, 2025 Updated 18 Jul, 2025

Former SEO Writer

Expertise : Crypto News & Market Analysis, Content Strategy & SEO Writing

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

Read full bio

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

XRP Investment Decision Puts Barstool CEO Dave Portnoy in Misery, Says “I Want to Cry”

Dave Portnoy Sells His XRP Right Before the ATH Rally

With the potential Altcoin Season underway and significant developments, XRP has seen massive price gains these days. Investors have been pumped on this rally, including Dave Portnoy, until he decided to sell his Ripple holdings.

In an X post, Barstool CEO revealed that he has sold most of his Ripple tokens at just $2.40 and missed out on a 60% rally, which happened after his selling. As the House approved the GENIUS bill, the tokens gained a massive uptrend, reaching a seven-year high at $3.60.

: Source: X, Dave Portnoy Post

Portnoy expressed regret and sadness over this decision. He even added that despite people addressing him as the leader of this token’s community, and his previous $2.3M investment, he had sold two weeks ago. More importantly, added that “I want to cry,” but did not want to lie to his people and ended up with this confession.

The crypto community has a mixed reaction to this; some laughed off this action, while others advised him to get back to trading, as more is coming. Interestingly, one even jokes that the price surge is thanks to his selling.

Why Did Dave Portnoy Sell XRP?

In the shared post itself, Portnoy revealed that the individual who suggested this digital asset advised him to sell. The advice is based on the potential competition from the Tether tablecoin issuer, Circle.

With Ripple’s RLUSD launch, the two have become active competitors. Now, with the upcoming stablecoin regulation, uncertainty is rising in terms of future performance. Although Portnoy sold, many analysts do not acknowledge this analysis.

Remember, the GENIUS Act will rapidly accelerate XRP’s reintegration into U.S financial markets which will support its price by attracting institutional investors.🔑

Documented.📝💨 pic.twitter.com/dMsoL8GC8X

— SMQKE (@SMQKEDQG) July 16, 2025

Experts claim that Ripple is prepared for these changes with its application for a national trust bank charter, master account, and more.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Frequently Asked Questions (FAQs)

1. How much did Dave Portnoy miss by selling?

Dave Portnoy missed a 60% price rally as XRP surged from $2.40 to 7 seven-year high of $3.60.

2. Why did he sell?

Portnoy sold on his advisor's advice, who predicted tough competition from Circle.

3. Why is the XRP price rising?

XRP price is up due to the U.S. House of Representatives approving the GENIUS Act.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.