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Cryptocurrency News Articles
Gary Cardone Dumps XRP, Elon Musk Embraces Dogecoin Meme Status: Crypto Market Buzzes With Activity
Feb 23, 2025 at 09:00 pm
The week was a rollercoaster ride in the world of cryptocurrency. From Gary Cardone exiting his XRP position to Elon Musk embracing his meme status with Dogecoin
Gary Cardone exited his XRP position, selling his 30,000 XRP holdings at $2.71. Cardone cited six guiding principles refined over his 40-year finance career as the reason for his decision. He wished the XRP army luck.
Investment influencer Gary Cardone announced his exit from XRP, selling his 30,000 XRP holdings at $2.71. Cardone, who is known for his involvement in the stock and cryptocurrency markets, shared his decision with his followers in a recent video titled "I Sold XRP (Here's Why)."
In the video, Cardone explained his rationale for exiting XRP, highlighting six guiding principles that he has refined over his 40-year career in finance. Among the principles mentioned by Cardone were the importance of focusing on "conviction plays," making decisions based on logic rather than emotion, and prioritizing long-term wealth creation over short-term gains.
Cardone expressed his gratitude to the XRP community, wishing them luck in their endeavors. However, he also voiced his doubts regarding the potential for XRP holders to attain significant wealth.
Despite his decision to sell his XRP holdings, Cardone emphasized his belief in the future of cryptocurrency and blockchain technology. He encouraged his followers to continue learning and making informed decisions in their investment journey.
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