Barstool Sports founder suspected of dumping after launching memecoin Greed

Dave Portnoy, founder of sports betting website Barstool Sports, purchased 357.92 million in the Greed memecoin after launching it and then sold all of his Greed holdings (35% of the total Greed supply), on-chain data monitoring platform Lookonchain reported via X. This resulted in a 99% plummet in Greed's price. Moreover, Portnoy subsequently launched Greed2 and currently holds 268.25 million in the token (26.8% of the total supply), according to the post.