Dave Portnoy, founding father of Barstool Sports activities and crypto gadfly, has constructed a popularity for pushing limits. His newest journey in Solana-based meme tokens has drawn a mixture of trolling and backlash. Now, he’s stepping away from the frenzy.
On his “Davey Day Dealer World” reside stream, Portnoy scrapped the discharge of “GREED3,” saying the meme coin house has grown stale, crowded, and childish—“too many infants,” as he put it.
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Dave Portnoy From GREED to JAILSTOOL
Dave Portnoy’s newest crypto journey started with a bang and led to chaos. Final week, he launched GREED token on Solana’s Pump.enjoyable, snagging 36% of the availability and setting off a buying and selling frenzy that pushed its market cap to $40 million very quickly.
The hype collapsed simply as rapidly—Portnoy dumped his complete stake for a $270,000 revenue, tanking the token’s worth and burning buyers.
Unapologetic, he rolled his winnings into one other token, JAILSTOOL, branding it a jab at critics accusing him of working pump-and-dump schemes. “I wished to be crypto Caesar… actually meme coin Caesar,” he declared on his livestream. “However the folks don’t deserve it.”
Portnoy’s follow-up act, GREED2, has been much less eventful. Regardless of holding regular with an $11,000 private stake, the sequel token has floundered, failing to match the wild highs of its predecessor.
Will GREED3 Ever Launch?
Following the lukewarm reception of GREED2, Portnoy hinted on a number of events {that a} GREED3 token could possibly be on the horizon. Followers amplified the chatter, flooding his social media with requests and spreading hashtags like #greed3.
Throughout his Kraken-sponsored buying and selling livestream this week, nonetheless, Portnoy appeared to kill the thought.
“I don’t suppose I can launch GREED3,” he admitted. “There are too many infants for me to launch GREED3… all I get is complications.”
Portnoy’s determination to carry again hasn’t stopped memes and hypothesis from dominating the web communities surrounding Solana meme cash. Whereas some supporters praised his transparency, others criticized him for inflating the market and leaving buyers holding the bag.
Dave Portnoy JAILSTOOL and Past
Dave Portnoy isn’t completed with meme coin insanity. His present obsession, JAILSTOOL, is holding robust with a $9 million market cap. He’s declared he gained’t contact his $468,000 holdings till it punches by to an formidable $1 billion.
Named as a sarcastic nod to his critics, the token encapsulates Portnoy’s urge for food for controversy.
For now, the Barstool founder appears content material to trip the wave of his present holdings and preserve his spot on the heart of crypto’s most unpredictable corners. Whether or not you like or hate him, Portnoy’s influence on meme coin tradition is simple.
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Key Takeaways
On his “Davey Day Dealer World” livestream, Portnoy scrapped the discharge of “GREED3.”
Dave Portnoy isn’t completed with meme coin insanity. His present obsession, JAILSTOOL, is holding robust with a $9 million market cap.
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