According to Golden Finance, Barstool Sports founder Dave Portnoy bought $1 million worth of XRP on Monday, along with $750,000 worth of Bitcoin and $400,000 worth of Ethereum, for a total investment exceeding $2 million.
Portnoy posted a video on X to his 3.7 million followers saying, “So last night I bought a total of $1 million in XRP, 400 ETH, and $750,000 in BTC. The market is bloodied everywhere.” He described himself as a “shark” taking advantage of the crash.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Altcoin XRP Forms Elliott Wave on the Weekly Price Chart, Potential Bullish Divergence Ahead?
Altcoin XRP forms Elliott Wave on the weekly price chart.
A potential bullish divergence lies ahead for XRP price.
Can Ripple’s XRP go on to set a new ATH this year?
Several altcoins continue to show promising price pump indicators across their various price charts, allowing analysts t
CryptoNewsLand37m ago
XRP ETF Assets Reach $1.08B as Fresh Inflows Hit $11.87M
XRP exchange traded funds saw inflows of $11.87 million, increasing total assets to $1.08 billion, reflecting sustained institutional interest and confidence in XRP's role in cross-border payments amidst growing demand for crypto ETFs.
GateNews3h ago
ETF Launch Fails to Stem Tide As XRP Sinks to $1.81, Lowest Since April
Crypto asset manager Bitwise’s launch of a spot XRP exchange-traded fund on Nov. 20 failed to lift the token, which fell to $1.81 — its weakest level since April — before a broader Nov. 21 sell‑off drove monthly losses above 20%.
ETF Launch Followed by Double-Digit Losses
The highly
Coinpedia4h ago
Ripple Executive Details XRP Ledger's Role in Institutional Finance at Paris Blockchain Week
Ripple's Marcus Infiner outlined a strategy for institutional adoption of blockchain at Paris Blockchain Week, emphasizing collaboration between crypto firms and traditional finance. He highlighted the XRP Ledger's compliance and efficiency for cross-border payments and on-chain markets, advocating for integration into existing systems.
GateNews5h ago
SBI Holdings Launches 10 Billion Yen Blockchain Bond With XRP Rewards
SBI Holdings has launched SBI START Bonds, a 10 billion yen blockchain-based bond program for retail investors, offering interest payments and XRP token rewards. The initiative highlights SBI's partnership with Ripple and aims to integrate digital assets into traditional finance.
GateNews6h ago
Garlinghouse Maintains Confident Tone on XRP Throughout 2026
Ripple CEO Brad Garlinghouse has maintained a positive outlook on XRP and regulatory developments throughout 2026, emphasizing institutional interest and the anticipated passage of the CLARITY Act despite XRP's price decline. His public statements highlight momentum in Ripple's business and project confidence in the crypto market's future.
CryptoFrontier9h ago