Dave Portnoy’s SafeMoon posture is down 94%, promises he is getting sued by venture

Dave Portnoy’s SafeMoon posture is down 94%, promises he is getting sued by venture
Comments Off on Dave Portnoy’s SafeMoon posture is down 94%, promises he is getting sued by venture, 09/08/2022, by , in Cryptocurrency

Barstool Athletics founder Dave Portnoy has watched his investment in SafeMoon (SAFEMOON) crash by in excess of 94%, proving to crypto enthusiasts that he is, in reality, able of hodling in the course of the bear industry. 

The stock trader and media individuality took to Twitter on Monday to lament his $40,000 investment in the memecoin, which has fallen to just $2,370.94 immediately after he did not withdraw a solitary token. “Still keeping by the way,” Portnoy explained. “Diamond hands.”

Portnoy claimed that he’s also being sued by SafeMoon, perhaps for “trashing” the venture on his demonstrate, but did not elaborate a great deal further. In a separate tweet, Portnoy shared a screenshot of SafeMoon’s revenue supervisor expressing displeasure with the Barstool Athletics frontman for providing the corporation “a terrible seem and unfair representation.” Portnoy “mentioned his SafeMoon losses on air but failed to point out he hasn’t upgraded his holdings to V2 yet,” the supervisor reported.

Portnoy is no stranger to cryptocurrencies, getting acquired Bitcoin (BTC) in August 2020 only to market it a person week afterwards due to volatility. He later expressed regret more than his absence of conviction and went on to make various extra bets on cryptos, which involved SafeMoon.

Connected: Dogecoin founder speaks out towards ‘meme coins’

As far as selling prices go, SafeMoon is down about 99% from its all-time high of $.00001399 in April 2021, in accordance to CoinMarketCap. The coin has a life span return on financial investment of unfavorable 86%. 

SafeMoon was audited in May perhaps 2021 by blockchain security organization HashEx. At the time, the organization identified 12 intelligent agreement vulnerabilities, like a “temporary ownership renounce” that made it primarily susceptible to a rug pull.

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