- Portnoy’s JAILSTOOL investment went from zero to hero to zero again, faster than you can say “pump and dump”!
- Memecoin fever is cooling down, but don’t worry, the real fun is just beginning!
As the crypto market shakes off the dust of Trump’s tariff war, a new memecoin, Stool Prisondente [JAILSTOOL], has stormed the scene. But this ain’t your grandma’s crypto, folks! A single tweet from Barstool Sports’ kingpin, Dave Portnoy, sent the market into a frenzy.
The token, named after Portnoy’s X handle (@stoolpresidente), skyrocketed over 100% in a matter of hours. It’s like a wild party that everyone wants to crash, even if they don’t know what they’re getting into.
Dave Portnoy’s Memecoin Mayhem
This sports and media mogul, Portnoy, made headlines on February 7th, pocketing nearly $70,000 from trading what he called “shitcoins.” 😜 But he didn’t stop there.
The next day, Portnoy doubled down on the JAILSTOOL craze, making it clear he was all in. He embraced the memecoin’s cheeky reference to speculation about him facing consequences for alleged pump-and-dump shenanigans. Who needs a lawyer when you’ve got a million JAILSTOOL tokens? 🤣
Portnoy, being the showman he is, even bought a huge chunk of Stool Prisondente, fueling the hype. He said,
“Hey crypto bros, I think whoever made this coin is hilarious, and I want to collect it as a souvenir of all you crybabies. 👶 I might sell it eventually, but I’ll let all you righteous losers dump on each other first.”
JAILSTOOL’s Rollercoaster Ride
Portnoy, never one to shy away from the spotlight, even shared a screenshot of his Solana wallet, proudly showing off his 57.16 million JAILSTOOL tokens, which he bought for a cool $378. 🤑
Then came the big twist. He suddenly dumped his entire JAILSTOOL stash, exchanging it for a whopping 586 SOL, worth over $119,000. Wait, what?! 🤯
As the crypto community exploded with questions and accusations, Portnoy claimed it was all a big mistake. Right. 🙄 He even went back and bought back some of his JAILSTOOL tokens, spending over 1,000 SOL ($200,000). Looks like someone’s got a gambling problem! 😄
Portnoy, the master of self-promotion, declared himself a “benevolent and heroic crypto Caesar,” suggesting his actions were a noble deed, not a trading blunder. Sure, Dave. We believe you. 😉
JAILSTOOL’s Market Mayhem
Portnoy promised he wouldn’t sell a single JAILSTOOL token until it hit a $1 billion market cap. We’ll believe it when we see it, Dave!
Unfortunately, JAILSTOOL’s price crashed 83.6% from its peak. Oops! 📉 That’s what happens when you get caught up in the memecoin hype.
Portnoy went on a rant on his daily trading show, blaming “crypto experts” for manipulating the market. They must have really ticked him off! 😡
As of the latest update, JAILSTOOL is down another 57.1% in the last 24 hours. It’s like a bad joke that just keeps going. 😅
While JAILSTOOL is taking a tumble, the memecoin craze is evolving. Crypto gurus like Solana co-founder Raj Gokal are predicting a shift towards “tech IPOs
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2025-02-11 14:20