- Dave Portnoy pumped and dumped Solana meme coins, earning nearly $68K in profits in a single day.
- After revealing his wallet, Portnoy cashed out MONTOYA and MVP tokens, joking about the power he has over market movements.
- Despite rumors of launching his own token, Portnoy denied collaborating with Solana’s Meteora protocol.
Dave Portnoy has made waves in the crypto world, pumping and dumping meme coins on Solana and raking in nearly $68K in profits. The Barstool Sports founder revealed his wallet address and trading activity through a series of enthusiastic posts on X (formerly Twitter), sparking reactions across the blockchain community.
Portnoy’s Meme Coin Gambit
Portnoy’s first big trade involved the MONTOYA meme coin, which jumped from a $2.8M to a $10M market cap after his post. Minutes later, he cashed out 2.68 million tokens for $24,000, joking that he had “too much power” and likened the experience to gambling.
Transparency and Chaos
Despite warnings about revealing his wallet address, Portnoy embraced the transparency of blockchain trading, stating, “I want people to know what I’m doing.” Shortly after, he repeated the process with the MVP token, pocketing a $48,000 profit within ten minutes.
Community Reactions and Crypto History
Since exposing his wallet, Solana users have flooded it with meme coins referencing Portnoy and Barstool. This isn’t his first crypto venture—he famously panic-sold $1 million in Bitcoin in 2020. Now, rumors swirl that Portnoy may be working on his own token, though he denies any collaboration with Solana protocol Meteora.
