Portnoy Reveals $1M XRP Purchase

Published at 2025-11-18 18:34:25

Dave Portnoy, the founder and owner of Barstool Sports, said on Nov. 18, 2025 that he purchased $1 million worth of XRP. The disclosure came via his public channels and quickly attracted attention from retail traders and crypto observers given his high-profile following.

Celebrity and influencer purchases can amplify short-term interest, and Portnoy’s buy is likely to spur additional attention and trading volume for XRP in the near term. While the move does not alter XRP’s fundamentals or regulatory position, it underscores how individual high-profile investors can shape market sentiment; traders and watchers should monitor price action and on-chain flows and weigh their own risk tolerance before following suit.

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