Dave Portnoy sold XRP too soon, now he wants to cry

Dave Portnoy, founder of the sports and pop culture company Barstool Sports, has a confession that he says is making him want to cry.

On July 17, Portnoy posted a video on X in which he admitted to losing millions by exiting XRP two weeks earlier. He said he sold his XRP when it was trading at a price of $2.40 on the advice of the individual who had recommended him the coin that Ripple, the crypto company whose founders launched XRP, would now face competition from the stablecoin issuer Circle Internet Group (NYSE: CRCL).

I sold my $xrp 2 weeks ago. No further comments at this time. pic.twitter.com/Vae18UPsZo

— Dave Portnoy (@stoolpresidente) July 18, 2025

XRP's price has surged 60% since he sold it, Portnoy said and added:

"I would’ve made millions, and I want to cry. I don’t own it anymore. Even though I was like the leader of the XRP army, I sold it."

Notably, both Ripple and Circle applied for national banking licenses with the U.S. Office of the Comptroller of the Currency more than two weeks earlier.

XRP hit the price of $3.642 late evening July 17, and Portnoy posted the video only a few minutes later.

Join the discussion with Scott Melker on Roundtable here.

This isn't the first time that Barstool’s El Presidente has talked about his crypto trading mistakes. In 2021, he admitted to panic selling Bitcoin in an X post. The king coin recently hit an all-time high (ATH) of $123,091.61 on July 14.

Emergency Press Conference - I Fucked Up Bitcoin pic.twitter.com/wJcRTMn5do

— Dave Portnoy (@stoolpresidente) March 13, 2021

XRP hit an ATH of $3.84 that it hit on Jan. 4, 2018. The cryptocurrency was trading at $3.36 at the time of writing, nearly 12% lower than its record high.