Dave Portnoy's SafeMoon position is down 94%, claims he's being sued by the project
The Barstool Sports founder panicked Bitcoin in 2020 and has since shown a fleeting interest in digital assets.
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Barstool Sports founder Dave Portnoy saw his investment in SafeMoon (SAFEMOON) plummet by more than 94%, proving to crypto enthusiasts that he is, in fact, capable of holding up during the bear market .
The stock trader and media personality took to Twitter on Monday to lament his $40,000 investment in memecoin, which fell to just $2,370.94 after he failed to withdraw a single token. "Always on point," Portnoy said. "Diamond Hands."
I put 40k in @safemoon I didn't withdraw any. It's not worth 2.3k. And I'm being sued. https://t.co/qRAyBegQMm
— Dave Portnoy (@stoolpresidente) August 8, 2022Portnoy claimed he was also being sued by SafeMoon, possibly for "trashing" his show's project, but gave no further details. In a separate tweet, Portnoy shared a screenshot of SafeMoon's sales manager expressing his annoyance with the Barstool Sports frontman for giving the company "a bad look and unfair portrayal". Portnoy "mentioned his SafeMoon losses on air but didn't mention he hadn't upgraded his holdings to V2 yet," the manager said.
And let's not forget when @safemoon themselves complained that I trashed them. pic.twitter.com/1Fg2i9lijC
— Dave Portnoy (@stoolpresidente) August 8, 2022Portnoy is no stranger to cryptocurrencies, having bought Bitcoin (BTC) in August 2020 only to sell it a week later
The Barstool Sports founder panicked Bitcoin in 2020 and has since shown a fleeting interest in digital assets.
New
Barstool Sports founder Dave Portnoy saw his investment in SafeMoon (SAFEMOON) plummet by more than 94%, proving to crypto enthusiasts that he is, in fact, capable of holding up during the bear market .
The stock trader and media personality took to Twitter on Monday to lament his $40,000 investment in memecoin, which fell to just $2,370.94 after he failed to withdraw a single token. "Always on point," Portnoy said. "Diamond Hands."
I put 40k in @safemoon I didn't withdraw any. It's not worth 2.3k. And I'm being sued. https://t.co/qRAyBegQMm
— Dave Portnoy (@stoolpresidente) August 8, 2022Portnoy claimed he was also being sued by SafeMoon, possibly for "trashing" his show's project, but gave no further details. In a separate tweet, Portnoy shared a screenshot of SafeMoon's sales manager expressing his annoyance with the Barstool Sports frontman for giving the company "a bad look and unfair portrayal". Portnoy "mentioned his SafeMoon losses on air but didn't mention he hadn't upgraded his holdings to V2 yet," the manager said.
And let's not forget when @safemoon themselves complained that I trashed them. pic.twitter.com/1Fg2i9lijC
— Dave Portnoy (@stoolpresidente) August 8, 2022Portnoy is no stranger to cryptocurrencies, having bought Bitcoin (BTC) in August 2020 only to sell it a week later
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