Dave Portnoy promotes “JAILSTOOL” cryptocurrency

Dave Portnoy, the founder of Barstool Sports, has been actively involved in promoting the "JAILSTOOL" cryptocurrency. This promotion comes amidst criticism he received for his recent meme coin trading activities, where he was accused of "dumping" coins on his followers.

In response to the backlash, Portnoy announced his purchase of over 50 million "JAILSTOOL" tokens. He has been promoting this token through his social media posts and X spaces, while openly acknowledging the speculative nature of the investment and advising his followers not to invest more than they can afford to lose.

Portnoy's involvement in cryptocurrency promotion is not new. He has previously promoted SafeMoon, a cryptocurrency that faced accusations of market manipulation and fraud.

His activities have sparked debates about the ethical and legal implications of influencer-driven cryptocurrency trading.