#truthornot

No matter how absurd, David Portnoy’s meme coins just keep working.

Meme coins are pure chaos, and Dave Portnoy is thriving in it. Wrong trades, wild flips, and token launches — he’s turning madness into millions. Here’s how.

Dave Portnoy has never been one to shy away from the spotlight. From turning Barstool Sports into a media empire to his viral pizza reviews and high-stakes gambling, he has built a brand around being loud, unpredictable, and unapologetically himself.

Lately, though, his name has been making the rounds for a different reason — crypto. And not just any crypto, but meme coins, accidental trades, and a deal he ultimately walked away from.

One of the biggest stories revolves around Libra Libra

LIBRA

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Libra, a token that gained traction after Argentina’s President Javier Milei seemingly endorsed it. However, Portnoy’s involvement began with a different kind of LIBRA deal.

Portnoy revealed that he had been paid roughly 6 million LIBRA tokens to promote the project, but after its founder, Hayden Davis, allegedly asked him to keep quiet about the arrangement, Portnoy decided to return the money.

Then, in one of his most bizarre investment blunders, he mistakenly bought nearly $170,000 worth of the wrong LIBRA token — one with a completely different contract address than the high-profile version making headlines.

Realizing his mistake, Portnoy took to X with his trademark mix of self-deprecation, writing, “Anybody wanna buy some fake Libra? Warning: This is a meme coin. I bought it by accident… It will be volatile. It will eventually go to zero.”