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'Blood in the Streets': Dave Portnoy Returns to XRP With $1 Million Purchase
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Nov 20, 2025
Barstool founder Dave Portnoy announced on November 18 that he took advantage of the recent market downturn to purchase 1 million in XRP, 750000 in bitcoin and 400000 in ethereum.
Barstool founder Dave Portnoy revealed on Nov. 18 that he seized the recent market downturn to acquire 1 million worth of XRP, alongside additional purchases of ethereum ETH and bitcoin BTC totaling more than 1 million. In a video shared on X, Portnoy describing himself as the great white shark said he made the move following what he called a little dip in the market.
His announcement followed the sharp Nov. 17 crypto sell off that dragged BTC below 90000 for the first time in over six months, a symbolic breach that rattled investor confidence. Beyond mounting concerns of an artificial intelligence AI bubble, analysts pointed to the collapse of the macro narrative that had underpinned bitcoins 2025 rally as a key driver of the downturn.
The bearish wave also battered leading altcoins, with XRP sinking to 2.12 before recovering above 2.20, while ETH briefly fell below 3000 before steadying near 3100.
Meanwhile, Portnoys disclosure follows a costly misstep earlier this year when he sold his XRP holdings at 2.40, just weeks before the token surged to a record 3.66. He later admitted the decision, made on advice that XRP had peaked, cost him millions in potential gains.
In his latest video, however, Portnoy boasted about his timing Last night I bought 2 million worth of crypto 1 million of XRP, 750000 in BTC, and 400000 in ETH. Blood in the streets Dave is like a piranha, he said.
As of Nov. 19 at 224 p.m. EST, the broader crypto market remained under pressure, with BTC falling below 89000. XRP was down 7.5 percent at 2.04, its lowest since April 12 2025, and below Portnoys earlier entry price. ETH also slipped back under 3000.
Sources >> 'Blood in the Streets': Dave Portnoy Returns to XRP With $1 Million Purchase
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