The Barstool Sports founder, Dave Portnoy, made nearly $70,000 trading meme coins on February 7. He then took an interest in a token called "Stool Prisondente" (JAILSTOOL) and acquired a sizable amount. However, he accidentally sold the token but quickly repurchased it, spending over $200,000. Portnoy has pledged to hold the token until it reaches a $1 billion market cap. Despite promoting the token and dropping a merchandise line, JAILSTOOL's price has declined significantly. Portnoy has not sold any tokens and currently sits on a $264,000 loss. He is also considering creating his own coin. Additionally, Portnoy purchased $17,000 worth of another meme coin called Dave Fartnoy (FARTNOY).



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