TikToker Mortgaged His House For $500K And Put It All In This Crypto Last Year: Did It Work Out?
Portfolio Pulse from Mehab Qureshi
A TikTok influencer known as Money_talk_tok mortgaged his house for $500,000 and invested the entire amount in XRP (CRYPTO: XRP) in February 2022. At the time, XRP was trading at $0.69. Currently, XRP is trading at $0.47 per coin, resulting in a loss of over $150,000 for the influencer.
May 29, 2023 | 11:54 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
XRP (CRYPTO: XRP) is currently trading at $0.47 per coin, down 30% from the time of the TikToker's investment, resulting in a loss of over $150,000.
The TikToker's investment in XRP has resulted in a significant loss due to the 30% drop in the cryptocurrency's value since the time of investment. This news may negatively impact the perception of XRP as an investment, potentially leading to further price declines in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100