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- 🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
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Barstool Sports founder promotes 'JAILSTOOL' Token in response to criticism over Meme coin trading
Golden Finance reported that Dave Portnoy, the founder of Barstool Sports, was accused of 'dumping' Memecoin trades to his 3.5 million followers on X platform. Some traders claimed that the 'Montoya por favor' and 'Josh Allen MVP' tokens, in which he had previously invested, experienced a brief big pump followed by a rapid collapse, sparking controversy. In response to the criticism, Portnoy announced the purchase of 50 million 'JAILSTOOL' tokens and defended himself on X platform. Portnoy had previously promoted Safemoon, whose coin founder was later sued by the SEC for fraud.