What is Jailstool Cryptpo? Everything You Need To Know

Last updated:02/14/2025

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Key Takeaways

Within a day, the value of Dave Portnoy’s JAILSTOOL memecoin increased by 55,000%.
The market value of the memecoin increased from under $1 million to $238 million.
After being promoted, Portnoy was criticised for allegedly “dumping” tokens.

A $100 million New York pizza enthusiast just caused a new memecoin to increase in value by more than 20,000% in a single day.

Dave Portnoy, a well-known social media figure and the creator of the sports media platform “BarStool,” started posting on Friday about his recent interest in investing in memecoins. The entrepreneur started off by bragging that he had made more than a “billion percent” in a new memecoin venture.

Due of his massive following, Portnoy’s posts brought a lot of attention to these new tokens that are based on SOL. But the cryptocurrency community started accusing him of “pumping and dumping” the tokens quite soon after he promoted them, when he sold out his winnings so immediately.

After that, he announced his intention to invest in a new memecoin on Pump, continuing in typical Portnoy way.Fun. Specifically, the StoolPrisondente (JAILSTOOL) memecoin makes reference to the founder of BarStool’s incarceration, which he acknowledged was amusing.

It was completely unexpected that these occurrences would cause memecoin to become so popular. The value of JAILSTOOL increased by more than 37,000% in a single day, making it one of the most lucrative digital assets of the weekend.

Although the value of the money has since declined, Dave Portnoy’s investments have still increased by 26,000% since he tweeted about it. The market capitalisation of JAILSTOOL increased from around $1 million on February 8 to over $238 million at its high on Sunday, all inside that time frame.

The community should only invest what they can afford to lose, like Portnoy warned his fans when he said he wouldn’t keep his $JAILSTOOL tokens forever.

Fans should only invest money they can afford to lose, since the creator of BarStool has cautioned on social media that he does not intend to keep the token indefinitely.

Should I Invest in JailStool?

The initiative has only been going for less than a week, so it’s too soon to tell. Many pieces of information that may reassure investors are still missing from Jailstool. Nevertheless, considering the token’s introduction on Pump.It was fun because there was no presale and no team allocation when it was debuted.

Unfortunately, not even a website is available for the token. Given that Portnoy promotes memecoin on his X account multiple times a day, it might be worthwhile for risk-tolerant investors who enjoy betting in the new memecoin zone.

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Can I Access BTCC From the U.S.?

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