XRP Holders Fire Back After Gary Cardone Says “I Sold My $81,000 XRP”

• Gary Cardone sells his $81,000 worth of XRP holdings, questioning the asset’s long-term potential.
• Cardone’s exit sparks mixed reactions, with some agreeing with his approach.
• Analyst Cypress Demanincor challenges Cardone, citing extensive research and XRP’s growth potential.

The XRP community has strongly reacted to the heated debate sparked by financial expert Gary Cardone’s disclosure. He announced he was liquidating his entire XRP holdings. 

This announcement has reignited discussions about XRP’s future and investment strategy.

Gary Cardone’s XRP Exit: “No Confidence”

Gary Cardone revealed on X that he had sold XRP holdings worth $81,000. In his post, he voiced doubt over XRP’s long-term potential. He also criticized the lack of clarity in its supply-demand dynamics. 

To explain his move, he outlined six investment principles that influenced his decision. These included avoiding investments that are not easily explainable. Another principle was resisting herd mentality. While he wished XRP holders well, he made it clear he was not confident in the asset’s profitability.

Mixed Reactions: Cautious Agreement vs. Veteran Investor Questioned

Cardone’s decision drew mixed reactions, with some agreeing with his cautious approach. Meanwhile, others viewed his reasoning as flawed or even misleading. 

In particular, critics questioned why a veteran investor would claim uncertainty about an asset that has been extensively analyzed over the years.

Analyst Counters Cardone’s “Uncertainty” Claim

Crypto analyst Cypress Demanincor strongly disputed Cardone’s rationale for exiting XRP. He argued that the supply-demand data for XRP has been publicly available for years and has been analyzed by many experts. 

Demanincor’s contention: Cardone’s claim of uncertainty wasn’t due to a lack of information. Instead, Demanincor suggests it was a choice to ignore well-documented research.

Demanincor also noted that numerous analysts have publicly presented detailed explanations of XRP’s market dynamics. He argued further: if Cardone found XRP’s structure hard to grasp, it wasn’t due to a lack of resources. Instead, it was a refusal to engage with those resources. 

Expanding his critique, he also took aim at Cardone’s investment principles. He focused particularly on Cardone’s stance on price versus value. Demanincor’s counter-argument: financial awareness and understanding intrinsic worth are not mutually exclusive.

Related: XRP Army Questions Impact of Ripple’s Acquisition Amid XRP Lingering Price Woes

Adding to his defense of XRP, Demanincor further emphasized that institutional adoption of crypto is accelerating. He asserted XRP is positioned to benefit from this growing mainstream interest. 

Questioning Cardone’s timing, Demanincor questioned the timing of Cardone’s exit. He pointed out XRP remains a highly lucrative asset. He then suggested exiting now may be premature. 

To reinforce his point even more, he highlighted XRP’s historical price growth. He explained that an investment of $82,000 in 2016-2017, when XRP was $0.11 per token, would now be worth approximately $1.9 million.

Was Cardone’s Move Influencer “FUD”?

Demanincor’s pointed criticism led some in the XRP community to speculate on Cardone’s true motivations. 

Related: BTC Near $100K: Institutions Buy In, Yet Long-Term Holders Cash Out

Some suggested that his announcement could be an attempt to influence retail investors, similar to instances where influencers encouraged selling before major price rallies.