A new wave of excitement is rippling through the cryptocurrency community following a claim that Barstool Sports founder Dave Portnoy has made a major move back into XRP.
The report, which originated from the respected crypto account BankXRP on X, alleges that Portnoy purchased 1 million XRP. This has sparked significant discussion across the digital-asset space.
𝗕𝗮𝗻𝗸XRP’s Post Sets the Stage
The story began when BankXRP posted that Portnoy had executed a million-token buy on Kraken and publicly aligned himself with XRP’s passionate investor community. Within hours, the post went viral, drawing the attention of traders, analysts, and crypto enthusiasts eager to see whether one of the industry’s most colorful personalities had indeed returned to the XRP market.
Dave Portnoy bought 1 Million $XRP on Kraken.
Says he’s part of the $XRP Army @stoolpresidente 🍕 pic.twitter.com/aqmN7EoTO1
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) September 28, 2025
What We Know, and What We Don’t
As of now, Portnoy has not published a direct statement on his verified accounts confirming a fresh purchase. His public timeline still features past comments about selling his earlier XRP holdings and expressing regret over missing subsequent rallies.
Those admissions add intrigue to the current story, suggesting that if the new claim is accurate, it would represent a notable shift in his crypto strategy.
Adding another layer, Kraken previously released promotional material that depicted Portnoy “buying $1 million of XRP in minutes” as part of a marketing campaign. Some of the visuals circulating today are traceable to that earlier content rather than a live transaction.
Until Portnoy or Kraken issues a clear confirmation—or blockchain data links a wallet to a recent million-token buy—the report remains unverified.
Why the Claim Still Matters
Even without ironclad proof, the possibility of a high-profile figure re-entering XRP carries weight. Portnoy’s reputation as a media personality and active trader means his involvement can influence sentiment well beyond his personal holdings.
In a market where perception often drives momentum, talk of his return energizes the “XRP Army” and invites fresh scrutiny of the asset’s near-term prospects.
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For the XRP community, the narrative itself is a morale boost. This reinforces the notion that influential investors remain bullish on XRP, anticipating growth of the broader crypto market with new institutional products and clearer regulations.
Potential Market Impact
If Portnoy did, in fact, acquire 1 million XRP through Kraken, the trade could have modest but meaningful effects. A purchase of that size—depending on whether it was executed as a single block or spread over multiple orders—can add to demand and spark follow-on buying from speculators who track celebrity moves.
Just as important, confirmation of such a transaction would enhance Portnoy’s standing as more than a casual commentator, underscoring his willingness to commit significant capital to the market.
The Path to Confirmation
To confirm this story, we’ll need one of three key signals: a direct statement from Portnoy, official confirmation from Kraken, or verifiable evidence from on-chain or exchange records. Until then, the crypto community will continue to watch closely, dissecting every hint and repost.
Regardless of the outcome, BankXRP’s post has already achieved something notable: it has reignited interest in XRP, put Dave Portnoy back in the center of the conversation, and reminded investors how quickly a single claim can capture the market’s imagination.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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