Dave Portnoy’s XRP Regret: How He Sold Before the Epic Rally—And Why It Haunts Him
Barstool's brash founder Dave Portnoy just learned the hardest lesson in crypto: timing is everything. His premature XRP dump—weeks before its parabolic surge—left him 'sick to my stomach.' Here's why even internet millionaires get rekt by FOMO.
The Paper Hands Panic
Portnoy publicly bailed on XRP during a minor dip, only to watch it rip 300% days later. His exit? Textbook 'weak hands' behavior—the kind that turns crypto skeptics into bagholders and vice versa.
Market Psychology 101
Traders who sell at resistance (like Portnoy did) often fuel the very pumps they miss. XRP's subsequent moonshot wasn't magic—it was liquidity hunting stop-losses like his.
Wall Street's Cynical Chuckle
Meanwhile, hedge funds quietly accumulated during his sell-off. Another reminder: in crypto, the 'dumb money' often feeds the smart money's exits. Portnoy's loss? Some quant's bonus.
