Dave Portnoy Pumps and dumps another Solana Meme Coin, banking on ‘Greed’

Barrestool Sports founder Dave Portnoy launched his own token via Pump.Fun, “Robuden” and then launched a continued smoke – that has already refueled 97% of his all time. This has been less than two weeks since he first entered the meme coin running graves, in which he said that if he launched his own coin, he would not cursing a pull -investors.

When Portnoy first started buying meme coins, he publicly claimed his wallet and said that he “does not try not to be shaded.” As a result, crypto-days were closely monitored and every chain movement made that the founder of the Sportsmedia has made. This included Portnoy -Kooptokens, posting about them on X and then dumped.

“If I launch my own medal, put my name on it. Believe me, I’m going to make sure that I am not damned, I’m not going to pull, I’m not going to dump. I’m not going to do that, “said Portnoy less than two weeks ago, in response to public control. “These are other coins that are already there.”

Now it seems that he has launched his own coin, albeit not with his name on it and has dumped it on investors.

On Tuesday, Portnoy launched greed with a photo of the character Gordon Gekko by Michael Douglas from the Wall Street films – famous for a monologue that claims that ‘greed is good’. Token rose rapidly to a market capitalization of $ 41.5 million, a particularly impressive milestone in view of the current market conditions. Along the way he bought for $ 4,200. Once the token had fallen to around $ 20 million, he added an extra $ 1,670 to his bag.

‘Do you know who is not dumping? I, “said Portnoy on X spaces. “I could have earned $ 1 million on greed in 30 seconds. Do you know what I was trying to do? I tried to burn the damn stock. But I have too many meme coins in my thing that it kept freezing. ‘

Half an hour later, Portnoy dumped every greedy that he had in one transaction. The estimated price of the tokens at that time was, according to Solscan, $ 270,000. He immediately hit the Jailstool – a token that he had previously endorsed.

In response, greed fell by 99% in just four seconds from a market capitalization from $ 12.88 million to $ 123,950 – which led to a barrage of ‘carpet’ feases.

“I’m not going anywhere, I think this space.” Portnoy said at the end of his X spaces before he dumped his token. “I think I can even launch a few coins a day just for the show. I could launch Greed2 in five seconds. “

About 10 minutes after selling his whole greed bag, he did exactly that. However, Greed2 was much less successful. It rose to a market capitalization of $ 7 million before it slowly dropped 90% for the next five hours. It is worth noting that the DOXXED portion of Portnoy did not sell Greed2.

In the midst of the chaos, the original greed came back to $ 16.75 million before he returned to $ 4.88 million. It seems that Portnoy began to fear that he was missing because Greed2 was at a lower market hairstyles at the time, so he bought back in greed with $ 12,270. Only 30 minutes passed before he sold his bag again for around $ 14,150.

This is in the midst of what Crypto -Bros call ‘crime season’. Since Donald Trump launched a Solana Meme Coin Days for his inauguration, traders have said that the number of questionable crypto launches has risen.

Recently, Hayden Davis – the CEO of Celier and one of the makers of the controversial scales promoted by President of Argentina Javier Milei – claimed that trade in prior knowledge within the meme coin space is. He said it is everyday for teams to snip their own tokens, and admitted that he did this on projects he worked on.

Portnoy also received a reimbursement of $ 5 million for his losses on scales via Davis.

After the disastrous scale launch, which led to President Milei being insisted on fraud, Davis also claimed that he was directly involved in the Melania Trump -Token. Analytics Company Bubblemaps confirmed that the launch teams behind Libra and Melania are indeed linked via data on chains.

Nevertheless, according to the prediction market Myriad– who is owned by Decryptparent company Dastan– There is only a 15% chance that Davis will be arrested by the end of the week. Admitted to the theory that everything goes during the criminal season.

Published by Stacy Elliott.