Cardone Sells XRP, Dogecoin Millionaire Convicted, Schiff Worried, Pepe Bullish

The digital currency market witnessed significant activity this week, with notable figures like Gary Cardone and Elon Musk making headlines. Gary Cardone, a prominent investment influencer, made waves by divesting his XRP holdings at a price of $2.71, citing his extensive financial experience as the motivation behind his decision. Despite wishing well for XRP investors, Cardone expressed skepticism about their future wealth prospects.

On the other hand, Glauber Contessoto, popularly known as SlumDOGE Millionaire, advised his followers to focus on ‘conviction plays’ like Pepe amidst a general downturn in meme coin values. He encouraged investors to capitalize on the current market correction and consider meme coins as a viable investment option.

Renowned economist and market commentator Peter Schiff raised concerns regarding Strategy Inc.’s convertible debt offerings, hinting at potential financial challenges for the Bitcoin treasury company. Despite Bitcoin’s positive performance, Schiff noted a significant decline in Strategy Inc.’s shares, indicating underlying financial instability.

Furthermore, a notable cryptocurrency trader shed light on the “Cycle of Regret” phenomenon, forecasting that a majority of traders exiting the Pepe meme coin market would fail to repurchase it at a reduced price. The trader suggested that these individuals might succumb to panic, delay re-entry, and hesitate to reinvest as the price drops further.

In a different development, tech mogul Elon Musk embraced his ‘meme’ persona during a recent appearance at CPAC 2025, highlighting his association with Dogecoin. Musk humorously referred to himself as “living the meme,” underscoring his affinity for Dogecoin, a cryptocurrency inspired by the popular Doge meme.

This week’s cryptocurrency market showcased a diverse range of activities, from significant divestments by industry figures to insightful perspectives on investment strategies and market trends. With influential voices like Gary Cardone, Glauber Contessoto, Peter Schiff, and Elon Musk contributing to the ongoing digital currency narrative, investors and enthusiasts are closely monitoring these developments for potential insights and opportunities in the evolving crypto landscape.