Dave Portnoy, founding father of Barstool Sports activities and crypto gadfly, has constructed a status 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” dwell 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.
Dave Portnoy From GREED to JAILSTOOL
Dave Portnoy’s newest crypto journey started with a bang and resulted in chaos. Final week, he launched GREED token on Solana’s Pump.fun, snagging 36% of the provision and setting off a buying and selling frenzy that pushed its market cap to $40 million very quickly.
The hype collapsed simply as shortly—Portnoy dumped his whole 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 operating pump-and-dump schemes. “I needed 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 might 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, nevertheless, Portnoy appeared to kill the concept.
“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 net 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 executed with meme coin insanity. His present obsession, JAILSTOOL, is holding sturdy with a $9 million market cap. He’s declared he gained’t contact his $468,000 holdings till it punches via to an bold $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 affect 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 executed with meme coin insanity. His present obsession, JAILSTOOL, is holding sturdy with a $9 million market cap.
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