Portnoy claims he made $1M on Trump coin and bet | Political News
Dave Portnoy has claimed he’s made over $1 million due to his investment into Donald Trump’s meme coin – earlier than placing all of it on the Buffalo Bills to win the Super Bowl.
The Barstool Sports founder said that he put $500,000 into $TRUMP, which had instantly doubled earlier than taking it out and spending it.
“I just woke up,” Portnoy wrote on X early Sunday morning. “Checked $TRUMP coin. I’m up 200 percent since I bought it yesterday. Sold it. Made a quick milly. Prob gonna put it on the Bills tonight. I love Trump’s America! Now I’m going back to sleep.”
In a later video, he posted: “I made a quick million bucks from 5pm to like 5am. I’m up a million, cash out. Now I’m plus-a-milly. What do you do when you’re plus-a-milly? I’ll tell you what you do. Let’s go Buffalo. They are f–—– due.
“Tell me one thing more American than turning 500 grand into $1.5 million — $1 million revenue. Taking that one-milly revenue and placing it on the Buffalo Bills to win their first Super Bowl ever. Well that’s what I did.”
Trump unveiled his currency on Friday evening. Crypto coins like $TRUMP allow supporters to use real money to buy ‘tokens’—which only exist online but can exponentially rise in value in just a matter of minutes.
“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community,” he wrote on X. “GET YOUR $TRUMP NOW. GO to gettrumpmemes.com — Have fun!”
Trump and his corporations have reportedly made billions off the coin, with Portnoy showing to be one of them to revenue within the course of.
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Portnoy’s bet on the Bills seems to be to be a dangerous one, although, with the group failing to achieve the Super Bowl since 1994 – even whereas boasting one of the league’s strongest rosters in recent times.
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