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
Major cryptocurrency stories making headlines this week include Gary Cardone exiting his XRP position, a Dogecoin millionaire advising on ‘conviction plays,’ and Peter Schiff expressing concerns over Strategy Inc.’s convertible debt offerings. Here’s a quick round-up of the top stories.
Gary Cardone, a renowned investment influencer, announced his exit from XRP, revealing that he sold his 30,000 XRP holdings at $2.71. Cardone stated that six guiding principles, which he refined over his 40-year finance career, influenced his decision to sell XRP. He wished the XRP army luck but expressed doubts about their potential to become wealthy. [Full article]
Glauber Contessoto, also known as SlumDOGE Millionaire, encouraged his followers to invest in ‘conviction plays’ like Pepe amid a broader slump in the meme coin market. He urged his followers to seize the opportunity presented by the ongoing correction to invest in meme coins. [Full article]
Economist and market commentator Peter Schiff expressed concerns over Strategy Inc. MSTR convertible debt offerings, hinting at potential financial troubles for the Bitcoin treasury company. Schiff highlighted the 4.5% decline in the company’s shares despite Bitcoin's gain of 2.5%. [Full article]
A widely followed cryptocurrency trader highlighted the “Cycle of Regret” phenomenon, predicting that 99% of the traders cashing out of the frog-themed meme coin Pepe PEPE/USD won’t buy it back at a discount. The trader suggested that these traders would panic, wait for a better entry, and then freeze when it dips further. [Full article]
Tesla Inc. and SpaceX CEO, Elon Musk embraced his meme status during his recent appearance at CPAC 2025, tying it to his association with Dogecoin. Musk described himself as “living the meme,” a reference to his connection with Dogecoin, a cryptocurrency that originated from the internet-famous Doge meme. [Full article]
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