XRP Investment decision puts the CEO of Barstool Dave Burnoy in misery, he says, “I want to cry.” star-news.press/wp

The fluctuations of the encryption market, Dave Burtoye, the CEO of Barstol, hit his only investment decision in XRP in a great loss. The symbol of ripples was on a bullish path in the past few days. At one stages, Portnawi made a decision assigned to millions of profits.

Dave Portoi sells XRP directly before ATH Rally

With the potential altcoin season and great developments, XRP has seen huge prices in prices these days. Investors were pumped into this assembly, including Dave Porto, until he decided to sell Ripple holdings.

in X postBarstol CEO revealed that he sold most of his extended symbols at only $ 2.40 and missed a 60 % rally, which happened after selling. With the House of Representatives approved the draft genius law, the distinctive symbols gained a tremendous trend, reaching the highest level in seven years at $ 3.60.

Unfortunately, Burnoy expressed this decision. He added that although people address him as a leader of the distinguished symbol community, and his previous investment of $ 2.3 million, he sold two weeks ago. More importantly, “I want to cry”, but I do not want to lie to his people and end up with this confession.

The encryption community has a mixed reaction to this; Some laughed at this procedure, while others advised him to return to trading, as more come. Interestingly, one of them displays the increase in prices thanks to its sale.

Why did Dave Portoi sold XRP?

In the same common publication, Portnoy revealed that the individual who suggested this digital asset advised him to sell. The advice depends on the potential competition from the source of Tether Tablecoin, Circle.

With the release of RLUSD from Ripple, the two are active competitors. Now, with the upcoming Stablecoin organization, uncertainty increases in terms of future performance. Although Portnoy is sold, many analysts do not recognize this analysis.

Remember that the genius law will quickly accelerate the reintegration of XRP into the US 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 ready for these changes by requesting the National Trust Bank, the main account, and more.

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Bouja Khargia

Pooja Khardia is a seasoned tricky content of more than 6 years of writing, including in Blockchain, Cryptocurrency, Defi and Digital Finance. On her adventure trip, she is currently working with Coingepe Media and leads the Trending section. Here, its expertise is used to provide analyzes, market visions, prices and information about what is heading in the encryption space, with the aim of maintaining the update of the encryption community and web3 with market trends and important visions. Pooja is famous for the user and direct writing style, and it is excited to make Crypto easy and accessible. Its writing about market research mixes with narration of stories, helping readers to move forward in making a fast -paced. When you don’t stand behind the keyboard, Bouja adopts its creative side by drawing and formulating. Contact Poja on LinkedIn or X.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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Why confidence: Coingaape: Coingepe has covered the coded currency industry since 2017, with the aim of providing useful visions to our readers. Journalists and analysts bring years of experience in market analysis and Blockchain technology to ensure realistic accuracy and balanced reports. By following our editorial policy, our book is achieved from every source, and verifies each story, and they depend on sources with a good reputation, properly quotations and media. We also follow a strict review methodology when evaluating exchanges and tools. From Blockchain projects emerging and launching operations to industry events and technical developments, we cover all aspects of the area of digital assets with a fixed commitment to the relevant information in time.

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