The post Dave Portnoy Is Trading Solana Meme Coins and Just Doxxed His Wallet: ‘I’m Not Trying to Be Shady’ appeared on BitcoinEthereumNews.com.

He pumped and dumped Solana meme coins today for $68K in profit. Welcome to the trenches, Mr. Dave Portnoy. The Barstool Sports founder today took to X (formerly Twitter) to reveal to the world that he’s learned how to trade shitcoins, and doxxed his Solana wallet to the public in the process.  “Uh oh. Davey learned how to trade shitcoin and is already up a billion percent on my 1st one!!!!!!,” he posted alongside a screenshot of a Phantom wallet with 2.68 million MONTOYA tokens—a meme coin based on the “Montoya, por favor” phrase from a “Love Island”-like Spanish reality television show, according to Know Your Meme. Eagle-eyed crypto sleuths on X immediately matched a wallet address beginning in “5rkPD” that lined up with his trades. Subsequent posts from Portnoy, or “Davey Day Trader” as he likes to refer to himself, and a second meme coin trade confirm the wallet is indeed Portnoy’s. Shortly after Portnoy’s post at 1:38pm ET, the MONTOYA token went from around a $2.8 million market cap to more than $10 million.  About five minutes later, blockchain data shows Portnoy sold all 2.68 million tokens in one transaction for nearly 118 SOL, the native token of the Solana network, worth almost $24,000. “Holy shit. I have way too much power,” he posted on X a few minutes after the sale. “I made 25k by accident. This is just straight gambling,” he said. (It was only about $20K in profit, to be clear, but we can forgive the embellishment.) “This tweet turned it from 2 million to 10 million market cap in a blink.”  A Barstool employee replied to his post and urged Portnoy to “be careful,” telling him “they have your wallet address.”  I want people to know what I’m doing. I’m not trying to be…

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Filed under: News - @ February 8, 2025 11:20 am