Dave Portnoy, the founder of Barstool Sports, has sold his XRP holdings at roughly $1.40, walking away from a potential run to $2. The move comes as a surprise to those who follow his crypto trades, given his earlier bullish stance on the token.
Why Portnoy Sold Early
Portnoy said he 'needs it to rocket' but is selling now anyway. That contradiction suggests a shift in his outlook or strategy, though he hasn't explained the change. The sale price of $1.40 is well below the $2 target he had previously indicated.
XRP's price has been volatile, and Portnoy's exit adds to the uncertainty. It's unclear whether he plans to re-enter later or is stepping away from the token entirely. His decision may reflect broader market conditions or personal financial considerations.
For now, the question remains: why sell before the rocket takes off?
