Dave Portnoy, the outspoken founder of Barstool Sports, has once again displayed his flair for high-risk, high-reward investments. After buying into the $TRUMP meme coin on a whim, he cashed out nearly $1 million in profits overnight. Describing his fast and furious trade on social media, Portnoy quipped that he jumped in due to pure FOMO following Donald Trump’s Friday night announcement—and walked away with a hefty payout.
A Lightning-Fast Profit from Melania coin
Portnoy revealed on X (formerly Twitter) that he initially invested $500,000 into $TRUMP, only to sell it hours later at a 200% gain. “I’m up a million bucks. Now I’m putting it all on the Bills to win the Super Bowl,” he announced, wagering his newfound fortune at +550 odds for a potential $5.5 million win. The bold move epitomizes Portnoy’s penchant for mixing humor, brashness, and big bets.
The Trump Crypto Frenzy
Donald Trump’s announcement of the $TRUMP meme coin, paired with Melania Trump’s own meme coin debut, ignited a frenzy in the crypto world. Branded with the tagline “It’s time to celebrate everything we stand for: WINNING!” the Trump coin launch sparked over $50 billion in collective market activity. The rapid surge underscores how the Trumps’ entrance into cryptocurrency continues to stir headlines and market action alike.
Meme Coins and American Ambition
Portnoy captured the spirit of the moment on X: “Tell me something more American than turning $500K into $1.5M and putting it all on the Bills for their first Super Bowl win.” His story blends humor, daring, and the allure of meme coin gains—perfectly reflecting the volatile yet captivating world of crypto in Trump’s America. With MELANIA coin now in his sights, it seems Portnoy is ready for another round in the meme coin arena.
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