Dave Portnoy, founder of Barstool Sports, has been accused of sharing the Meme coin trade on the X platform, with some traders saying it "smashed the market" to 3.50 million fans. His previous "Montoya por favor" and "Josh Allen MVP" tokens quickly collapsed after a brief surge, sparking controversy. Portnoy announced the purchase of 50 million "JAILSTOOL" tokens and defended himself on the X platform in the face of criticism. Portnoy has promoted Safemoon in the past, and the founder of the coin was later sued by the SEC for fraud.