Gary Cardone, a seasoned investor and twin brother of entrepreneur Grant Cardone, announced that he sold his entire XRP position at $2.71. Cardone cited six personal investment rules for his decision, including avoiding assets with unclear supply-and-demand dynamics, steering clear of investments that cannot be drawn on a whiteboard, and not focusing on price over intrinsic value. He also emphasized the importance of avoiding herd mentality and making long-term bets for great wealth. Cardone's remarks received negative responses from XRP supporters who accused him of breaking his own rules and dismissed the XRP community. The centralization of XRP has been a subject of debate since the SEC sued Ripple for offering it as a security. Angel investor Jason Calacanis also referred to XRP as a centralized controlled security and expressed concerns about the potential approval of an XRP exchange-traded fund causing market chaos. He suggested that XRP should only be limited to sophisticated investors who understand the risks.



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