General numbers are increasingly working on Meme Coin speculation, where Donald Trump, Jaffier Milei and ELON Musk fuel markets in recent months, to name a few.
The founder of Barstool Sports Dave Portnoy is the latest in newspaper addresses, benefiting from $ 258,000 from the Solana (SOLA) greed, only to empty his entire share in one deal, causing the price of 99 % and leaving investors to reel.
Flip, Portnoi High: From noise to collapse
According to To Blockchain Analysis LookonchainPortnoy has accumulated 357.92 million greed, representing 35.79 % of the total offer.
As excitement grows around the distinctive symbol, Portnoy emptied his holdings in one step, as he sent the price of greed from $ 0.038 to $ 0.002 – a decrease of 94.74 %, according to Dexscreener Data.
While Portnoy got a six -digit profit, the rapid decrease has wiped millions of market value, as retailers left a loss.
Among the most difficult blow was a merchant It is said She lost 101,000 dollars in only three hours after Portnoy’s exit, according to L. Lookonchain.
A new symbol amid increasing doubts
Soon after, Portnoy presented a new symbol, Greed2, while Confession Her fluctuations.
Blockchain data shows that Portnoy currently owns 268.25 million Greed2, representing 26.8 % of the total offer. The distinctive symbol initially rose to the maximum market of $ 28 million, just to collide by $ 720.734, According to to pump.fun.
Many in the encryption community Displayed This step as another possible “carpet” with a manufacture, which raises concerns about Portnoi’s continuous participation in the Mimi currency speculation.
Earlier this week, Portnoy was also linked to Libra Memecoin, losing more than $ 5 million.
However, the collapse of greed is another reminder of the risks associated with coins, which still attract speculative traders despite the lack of benefit in the real world.
With high fluctuations, liquidity fears, and the constant threat to pulling the rug, the meme metal currencies remain one of the most predictable ports in the encryption market.
Distinctive image via Shutterstock
