Dave Portnoy made over $250,000 on the Greed token
Famous businessman Dave Portnoy launched the meme coin Greed on the Solana blockchain, but soon sold a significant portion of the tokens, crashing the asset's price.
Portnoy bought 358 million coins and then sold them, earning about $258,000.
As a result, the price of Greed plummeted by more than 90% – from $0.03 to $0.003.