$JAILSTOOL speeds up to 200 million US dollars: a celebrity's tweet ignites the Meme frenzy in the market again

Author: Deebs Decentralized Finance

Compiled: DeepC TechFlow

This is Dave Portnoy.

The millionaire business tycoon once pushed a Meme coin to a market value of 1.5 billion US dollars in just 3 hours.

But who is @stoolpresidente? Is he a hero or a fraud?

Here is his full story.

Dave Portnoy, also known as 'El Presidente', is an American entrepreneur famous for founding Barstool Sports.

Barstool Sports was originally just a small sports newspaper he distributed on the subway, but later grew into a business empire worth millions of dollars.

However, Barstool is not the only reason for Dave's fame.

Dave is still a well-known internet celebrity.

He has attracted attention in the United States for his sharp pizza reviews and crazy sports betting.

Therefore, it is not surprising that Dave is involved in another exciting field, which is the cryptocurrency known as the "most thrilling casino" in the world.

Dave's cryptocurrency journey began with him hinting that he might launch a token.

However, he said he still needs to learn more.

He hopes to ensure that any Token he launches is safe and fair.

However, what happened next was beyond everyone's expectations...

Dave started buying some tokens on Solana and shared these operations on Twitter.

He quickly discovered the money-making potential of cryptocurrency—just a few minutes, he turned $10,000 into $75,000.

He also candidly told everyone that he would sell these tokens.

But this behavior has caused dissatisfaction among the crypto community.

Many people directly accuse Dave of being a scammer, including @coffeebreak_YT.

It seems that the entire crypto community is condemning Dave.

But Dave decided to surprise again.

On February 8th, 20:41 (UTC), Dave bought a new token worth $200 called #JAILSTOOL.

Like the tokens bought before, this is not a token issued by him.

So, at first, no one paid attention.

However, Dave started tweeting again.

He finds this token very interesting and tells investors that he will not sell it in the near future.

As a result, the price has been soaring all the way.

However, not everyone believes Dave's words. The creator and largest holder of #JAILSTOOL are skeptical about this.

A few hours after Dave tweeted, the creator of #JAILSTOOL sold 20 million tokens and cashed out $50,000.

However, Dave did not choose to sell his position, but instead increased his investment by buying tokens worth $200,000.

What happened next can be imagined.

! [$ JAILSTOOL SpeedPass $ 200 million: A tweet from a celebrity once again ignites the market's enthusiasm for Meme speculation] ( https://img.gateio.im/social/moments-3afd63a34a41b4a9cd74b9a29af3e7cd)

The price of #JAILSTOOL has seen a crazy surge.

In just 3 hours, the market value of JAILSTOOL soared to $150 million.

Today, its market value has exceeded 200 million dollars, and there is no sign of weakening momentum.

But the question is: what will happen next? Is this Token safe and reliable? Does it have more room for growth?

Regarding security: From the current supply situation, the distribution of JAILSTOOL seems relatively healthy.

There are numerous holders, and there are no obvious signs of insider trading.

However, I need to remind everyone that one holder controls nearly 8% of the total supply.

This wallet and Dave himself may be sold at any time.

But do I think Dave will sell immediately?

Unlikely in the short term. (Not financial advice)

Why do you say that? Because Dave has already tied his cryptocurrency reputation to this token. He definitely wants to see how high this coin can rise.

You can take a look at his tweet.

If you know Dave's pizza reviews, you know he's an extremely proud person.

In my opinion, the pride and sense of accomplishment of being able to control a top-tier Meme coin are far more important to him than a few million dollars.

So, what about the potential for this Token to rise?

I want to make it clear: it all depends on Dave's decision.

Although he didn't originally intend for this token to become his "official currency," there are many reasons that could change his mind:

1. The legal risk is minimal. (After all, he is not the creator of this Token)
2. He has a certain degree of control over the supply.
3. His fans have already made a lot of money from it.
4. If he sells now, it will only damage his reputation in the crypto community that has been constantly improving.

If Dave eventually accepts the Token as his "official currency", then it is not impossible for the market value to reach 1 billion dollars.

We have also seen successful cases of celebrity meme coins before. (Not financial advice)