Overview
- The Barstool Sports founder said he purchased roughly $1,000,000 in XRP, $750,000 in Bitcoin, and $400,000 in Ethereum on November 17.
- Portnoy described his approach as buying when there is “blood in the streets” and likened himself to a “Great White Shark” in a video posted to X.
- He executed the purchases within minutes, including two $500,000 XRP buys one minute apart, according to his posts and subsequent reporting.
- The buys followed a broad downturn that saw Bitcoin dip under $90,000, Ethereum slip below $3,000, and XRP trade near $2.10–$2.20, with all three down on the week.
- Eric Trump publicly praised the move as a “smart trade,” and Portnoy, who previously sold XRP near $2.40 before a later run to about $3.65, said he is now in hold mode.