In May, Dave Portnoy, founder of Barstool Sports, announced his entrance into the “sh*tcoin” space with a $40,000 investment in SafeMoon (SAFEMOON).
Since then, the cryptocurrency market has been on a tumultuous path back to a $2 trillion market cap.
But is Dave safely on the Moon yet?
While Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and many other crypto projects have seen their tokens taking off recently, Portnoy’s SafeMoon hasn’t fared quite as well.
You could pick up 1,000,000 SafeMoon tokens for around $7 at the time of Portnoy’s announcement. Today, you can be a SafeMoon millionaire for just over $2.
On August 18, Dave confirmed on Twitter that he has diamond hands and is still holding his 4.56 billion SafeMoon tokens.
While Dave may have started with $40,000, his bag is now worth a whopping $7,165
Portnoy’s SafeMoon shenanigans cost him $32,835, but at least he can say he’s a crypto billionaire.
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