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Dave Portnoy’s Memecoin Picks Implode 97%—But Guess Who Cashed Out First
Dave Portnoy’s Memecoin Picks Implode 97%—But Guess Who Cashed Out First
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Barstool’s king of hype pumped, dumped, and left bagholders staring at the rubble. Classic crypto.
How the ’influencer pump’ works: Portnoy shills obscure tokens, retail FOMO buys, then—surprise—the founder’s wallet starts bleeding coins. A tale as old as Shiba Inu.
The kicker? His ’losses’ were hedged with pre-launch allocations. Meanwhile, normies got the -97% special. But hey, it’s not manipulation—it’s ’community building.’
Bonus jab: Wall Street gets sued for 10% insider gains. Crypto ’geniuses’ escape with 100x—regulation is for boomers, right?
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