Barstool Sports activities founder Dave Portnoy stated there are “too many infants” within the meme coin marketplace for him to launch a brand new Solana token proper now.
On his “Davey Day Dealer World” livestream, the outspoken media character addressed meme coin merchants that he says have flooded his social media with requests for a “GREED3” token, after he launched Solana meme cash named GREED and GREED2 final week.
“I don’t suppose I can launch GREED3,” he stated. “There’s too many infants for me to launch GREED3… all I get is complications.”
Portnoy launched GREED final week on fashionable Solana meme coin launchpad, Pump.enjoyable, buying about 36% of your complete provide within the course of.
The coin surged to just about a $40 million market cap shortly after its launch, however later plunged close to zero when Portnoy bought his complete stack in a single transaction for roughly $270,000.
He then put all his beneficial properties immediately into JAILSTOOL—the meme coin he’s embraced and dedicated to not promoting till it reaches a $1 billion market cap. JAILSTOOL at present has a market cap of round $9 million.
Shortly after dumping GREED, he launched GREED2–-a far much less profitable sequel enjoying on the surplus embraced by merchants within the Solana meme coin trenches. This time, although, he didn’t promote and his publicly doxxed pockets nonetheless holds round $11,000 value of GREED2 tokens.
Because the launch, the Barstool founder has teased a GREED3 token, indicating that folks had been “begging for it” whereas utilizing the hashtag #greed3 a number of occasions in posts on X (previously Twitter).
However based mostly on Portnoy’s feedback on his Kraken-sponsored buying and selling present Wednesday, the launch now seems unlikely.
“I wished to be crypto Caesar… actually meme coin Caesar,” he stated. “However the individuals don’t deserve it.”
Portnoy, who has publicly shared his crypto buying and selling exploits (and missteps) for years, started his most up-to-date meme coin saga earlier this month, doxxing his public pockets and overtly sharing meme coin trades on his X web page. He later put all his chips behind JAILSTOOL—a token that pokes enjoyable at him being behind bars for his alleged “pump and dump” schemes.
His public pockets nonetheless holds round 50 million JAILSTOOL tokens, valued at $468,000 on the time of writing.
Edited by Andrew Hayward
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