Honestly, watching Dave Portnoy create meme tokens one after another is like witnessing a controlled explosion. The guy launched a whole series of these, and every time the same story: people lose money, and the community starts shouting. But for some reason, everyone keeps falling for his next project.

It all started with JAILSTOOL in February. Portnoy promised holders he wouldn't sell, then just took his share and dumped it with a profit of $118,000. The token dropped 80% within a few hours. People were counting their losses, and Dave Portnoy was already preparing his next move.

Then came the story with LIBRA — it was a complete mess. Portnoy received about 6 million tokens for promotion but then returned them because he couldn't publicly say he was part of the project. Pretty funny, right? But he kept his personal LIBRA tokens, and they plummeted 95%, wiping out about $5 million. Plus, Argentina’s president, Milei, somehow posted about LIBRA, the price soared, then dropped even harder. Investors lost over $100 million in liquidity, and Milei quickly deleted the post and said he had no idea.

The next day, Dave Portnoy launched GREED. According to analysts, he held 35% of the tokens. He tweeted that everyone was greedy, but he sold his entire stake and made $258,000. The price dropped 99%. For example, one guy lost $101,000 in less than three hours. And Portnoy later complained that he warned people.

Less than a day later, he launched GREED2. The token initially jumped to a $28 million market cap, then fell below $375,000. The community just exploded with anger. Like, a guy with two hundred million dollars, but still willing to screw over small investors for $100,000.

This is no longer funny; it’s just a pattern. Launch, promises, dump, crash, repeat. And every time, there are people who believe that this time will be different.