Gary Cardone Sells 30,000 XRP, Questions Future Growth Potential

Gary Cardone Sells 30,000 XRP, Questions Future Growth Potential

Gary Cardone, a well-known investment influencer, has announced that he has completely liquidated his XRP holdings. Cardone sold 30,000 XRP at $2.71 per token, netting $81,300. His decision was driven by long-standing financial principles, warning investors about the risks of following the crowd.

Why Did Gary Cardone Sell XRP?

Cardone, not to be confused with Grant Cardone, shared a screenshot of his XRP exit on X (formerly Twitter), stating, “I genuinely hope the XRP army gets stupid rich. I don’t think you will, but my best hopium is out to each of you.” His remarks sparked intense debate within the crypto community, with many believing XRP still has massive growth potential.

He explained that his decision was guided by six core investment principles:

1. Unclear Supply and Demand: Avoid assets with uncertain supply and demand unless you have an informational advantage.
2. Simplicity in Explanation: If an asset’s value can’t be easily explained in a visual manner, it isn’t worth the risk.
3. Price vs. Value: Don’t focus only on price; true investing requires understanding value.
4. Short-Term Noise vs. Long-Term Strategy: Separate market noise from sustainable investment opportunities.
5. Concentrated Bets: Wealth is built through focused investments held for extended periods.
6. Avoiding Herd Mentality: The most important rule—never blindly follow the majority.

Community Reactions:

Bullish Sentiment for

Despite Cardone’s skepticism, many in the crypto space remain optimistic about XRP’s long-term potential. Some investors predict XRP could reach $8-$10 in the coming years, backed by increasing adoption and institutional interest.

What’s Next for XRP?

According to Matt Hougan, Chief Investment Officer at Bitwise, the demand for an XRP-based exchange-traded fund (ETF) is growing. In a recent CNBC interview, he stated that due to XRP’s strong community and deep liquidity, an ETF featuring XRP, Solana, or an index-based crypto fund could launch by the end of 2025.

Additionally, Fox Business journalist Eleanor Terrett reported that Grayscale has officially filed for an XRP ETF (19b-4 filing), which is now on the Federal Register. The SEC must respond by October 18, making this a key date for XRP investors.

Final Thoughts

While Cardone has chosen to exit his XRP position, the broader crypto market remains bullish on its future. With ETF discussions gaining traction and regulatory clarity on the horizon, XRP’s price action will be one to watch closely.

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