💰 Barstool Sports founder, Dave Portnoy, just jumped into the meme coin market on Solana and earned nearly 70,000 USD with just two trades! Not only that, he accidentally revealed his wallet address, prompting the entire crypto community to closely follow his every move.
📌 How Portnoy Makes Money from Meme Coins
🚀 First transaction:
🔹 #Portnoy bought 2.68 million MONTOYA tokens, a meme coin inspired by a Spanish reality TV show.
🔹 After he tweeted about it, MONTOYA's market cap increased from 2.8 million USD to over 10 million USD.
🔹 Just 5 minutes later, Portnoy sold all the tokens, bringing in nearly 24,000 USD, with a profit of about 20,000 USD.
🔥 Second transaction:
🔹 Portnoy continues to buy 152$SOL (approximately 15,000 USD) of the MVP token, a meme coin inspired by football player Josh Allen.
🔹 In less than 10 minutes, he sold it for a total of over 77,000 USD, making a profit of 48,000 USD.
🔹 Overall for the day, Portnoy turned 10K USD into 75K USD just from meme coins!
📌 Public Wallet – Community Tracking Every Transaction
After accidentally revealing his wallet address, Portnoy became a target of the Solana community:
✅ A series of new meme tokens were sent to his wallet, including tokens named after pets and Barstool Sports.
✅ A Barstool employee warned him about the risks, but Portnoy insisted: "I have nothing to hide, I want everyone to see all my moves!"
📌 Has Portnoy Ever "FOMO" into Crypto?
📅 This is not Portnoy's first encounter with cryptocurrency:
🔸 In 2020, he bought 1 million USD in Bitcoin, but panicked and sold it off after 2 weeks, admitting he "made a mistake."
🔸 Recently, Portnoy seems to be researching crypto more deeply and even considering launching his own token.
📌 Conclusion: Will Portnoy "Get in Trouble"?
📌 Portnoy ended the trading day with a video asking: "Can I go to jail for this? Is it illegal?"
📌 Currently, there are no signs that he is doing anything illegal, but having a large influence on the token price could attract the SEC's attention.
🎭 Will Portnoy continue to be the "king #memecoin " or will he soon exit the game like last time? Let's wait and see! 🚀
