Dave Portnoy, a spokesman for Barstool Sports, is not familiar with the debate. This time, his entry into the MEME Coin division has left traces of financial debris and confusion.
This incident adds room for new token launches, causing a debate over ethics in encryption transactions.
Dave portnoy and rugs are pulled to the community
It started with the launch of Portnoy’s Greed. According to LockonChain, a warm chain analyst, Portnoy purchased 378 million greed tokens, which accounted for 35.79%of the total supply.
Then, with one quick movement, he sold the entire possession and greedy prices increased by 99%. Despite the collapse of the market, Portnoy left for a profit of about $ 258,000.
While Portnoy was taking cash, others were not lucky. One investor lost $ 101,000 in three hours, and bought greed at 911 SOL ($ 153,000) before selling 309 SOL ($ 52,000) as a price collapse.
“Dave Portnoy’s selling has led this person to lose $ 101K with greed in three hours! This man spent 911 SOL ($ 153K) for greed and sold for 309 sol ($ 52K) and lost 602 SOL ($ 101K).
We have questioned the ethics that have a significant part of market manipulation and token supply.
Meanwhile, this is not the first brush of Portnoy with a crypto drama. A few days before greed, he was involved in the Libra Mew Coin Scandal. Reportedly, Portnoy returned to find out that more than 6 million Libra was released but could not disclose his participation.
“Dave Portnoy said more than 6 million Libra tokens were pre -launched. There will be dozens of influenics who accepted tokens without disclosure. He is the only person in the future. ”Blocknews was released in X.
He is one of a few influential people who admit to approaching unveiled tokens, causing speculation for other influential people who may have been traded secretly.
Portnoy moves from greed to greed 2
According to the framework by the backlash, Portnoy started Greed2 and secured 26.8 million tokens or 26.8%of the total supply.
“Do not invest in this collection of coins beyond this. It has volatility. I will never sell at least midnight EST or never one penny. Be careful. ”He warned the potential buyer in his position.
Despite the attention, many people saw this movement waiting for another potential “rug pool”, and some users of X expressed frustration.
“IDC (I don’t care) If he wants to buy and sell coins when he says that he will not be kept and sold, he will not sell, and says he won’t sell, and he wants to buy and sell coins when he is transparent about accumulating.”
The user also seemed to replicate similar tactics while criticizing other encryption people by emphasizing the hypocrisy of Portnoy.
At the same time, Portnoy began to promote Jailstool, another token listed on Krakeen Exchange. He said that all his greed was reinvested in Jailstool.
But the user quickly called him, pointing out the inconsistency in his story. One pointed out that pornography was not directly involved in jail while porn placing greed and caused more skeptical about his intentions and transparency.
“… Greed was actually placed by you. It wasn’t jailstool, and you also said you won’t sell greed. Roll, ”Crypto and NFT lovers said Moonpie666.
Fort Noi defended X’s actions with X and shines light in the dark side of the meme coin market.
“There are many people who want to act like moral authority, just like everything they want to dump and make easy money. The whole ecosystem is greed and nothing else. Dump each other farmers. But if you lose money, don’t complain to me. ”
His dull opinion did not suppress backlash, and critics accused him of using his influence and permanent greed that he claimed that he had criticized. Some users argued that in greed and greed, Portnoy’s venture is no different from other pumps and dump systems that are widespread in the meme coin space.
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