Alright, let's honestly talk about Dave Portnoy. The guy creates meme tokens one after another, and each time it looks like a new version of the same scenario — promises, then dumps, then investors lose money. In early February, Portnoy sold his batch of JAILSTOOL with a profit of over $118,000 on Solana, even though he promised holders he wouldn't touch the tokens. The result? The price plummeted 80% within hours.

Then there's the story with LIBRA — Portnoy received between 6 and 6.5 million tokens for promotion, then returned them to founder Hayden Davis when he realized he couldn't publicly admit his involvement. But he kept personal LIBRA tokens, which later crashed in value, and he lost more than $5 million. Plus, Argentine President Javier Milei promoted this token; the price jumped to $0.021, then fell 95%, wiping out $105 million in liquidity. Now he's even facing impeachment.

Dave Portnoy didn't stop and literally a day later launched GREED. The guy bought 357 million tokens (35% of the total volume), then sold everything in one deal, and the price dropped 99%. He made about $258,000, while people around him lost tens of thousands in hours. One guy bought for 911 SOL ($153,000) and sold for 309 SOL ($52,000) — a loss of over $101,000 in less than three hours.

Then Portnoy launched GREED2, which initially rose to 28 million market cap but then fell below 375,000. The crypto community is just furious — the guy has $200 million, but he keeps scamming people for small profits. Dave Portnoy has created a whole series of trap tokens, and every time, the story repeats. That’s how it is in the meme coin world.