Dave Portnoy’s pathetic memecoin picks are down at least 97%
Dave Portnoy claims he collects memecoins “as a hobby,” even though he’s earned at least $70,000 and promoted five tokens that have declined at least 97%. Portnoy started his career covering sports and pizza shops, then started daytrading to keep his gambling audience entertained during the COVID-19 sports shutdown. Nowadays, he’s a proudly degenerate crypto promoter who has pumped and issued memecoins and even lists them in his X bio. For example, he promoted MONTOYA at 1:38pm New York time at a market cap of $2.75 million, and it hit $9.95 million within two minutes. The Solana-based token, named after a participant in a Spanish TV show Love Island, has declined 99.7% to under $25,000 as of publication time. Portnoy’s original memecoin was Stool Prisondente, ticker symbol JAILSTOOL. Somebody purposefully misspelled his X username, StoolPresidente, as a joke to taunt the Securities and Exchange Commission (SEC) and the Commodity Futures Trading ...