Overview
- The Barstool Sports founder said he bought about $1 million in XRP, $750,000 in Bitcoin, and $400,000 in Ethereum on Monday.
- He disclosed the trades in a video on X to 3.7 million followers, saying he is "like a Great White Shark" when there is "blood in the streets."
- Coverage placed the buys during a sharp pullback as Bitcoin briefly fell below $90,000, Ethereum slipped under $3,000, and XRP traded near $2.1–$2.2.
- CoinCentral reported the orders were executed in roughly two minutes, including two $500,000 XRP purchases one minute apart.
- Eric Trump publicly praised the move as a "Smart trade," and Portnoy said he is now in hold mode.