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.
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