Dave Portnoy Buys $1M in XRP, Adds BTC and ETH Amid 'Blood in the Streets' Dip

Published at 2025-11-19 22:17:52

Barstool founder Dave Portnoy said on November 18 that he seized the recent market pullback to buy $1 million worth of XRP, along with $750,000 in Bitcoin and $400,000 in Ethereum. He described the environment as 'blood in the streets,' framing the moves as opportunistic purchases and sharing them publicly amid heightened volatility.

The trades matter chiefly for sentiment: Portnoy's public allocations can nudge retail interest, and XRP received the largest single allocation in this round. While $1 million is modest relative to institutional flows, high-profile purchases often translate into short-term trading volume and headlines. Market participants should note that such headline-driven activity can amplify price swings but doesn't replace fundamental analysis.

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Vanguard's new crypto price-tracking ETFs drew heavy demand on day one, lifting XRP and Solana sharply. Traders cited increased access and fresh liquidity as the main catalysts.

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