Jailstool Meme Coin Soars 100,000% After Dave Portnoy’s Endorsement

Jailstool, the latest meme coin sensation, has taken the crypto world by storm, thanks to a major push from Barstool Sports founder Dave Portnoy.

His endorsement sparked a frenzy, sending the token’s value soaring by over 100,000% in hours.

With wild price swings, social media buzz, and big-money investors jumping in, Jailstool has become the hottest topic in crypto circles.

But is it a golden opportunity or just another meme-fueled gamble? Here’s everything to know about this explosive trend.

Key Takeaways

1. Dave Portnoy’s Endorsement: His public backing of Jailstool fueled massive interest and a rapid price surge.

2. Market Boom and Volatility: The token’s value skyrocketed by over 100,000% in hours, pushing its market cap past $100 million.

3. Meme Coin Hype: Social media, speculation, and large-scale investments continue to drive Jailstool’s unpredictable rise.

Dave Portnoy Boosts Jailstool Meme Coin, Driving a 100,000% Surge in Hours

Jailstool Skyrockets After Portnoy’s Endorsement

Dave Portnoy, the founder of Barstool Sports, ignited a massive rally for a new meme coin, Jailstool, after promoting it on social media.

Within five hours of his endorsement, the token’s market cap soared by an astonishing 119,000%.

His late-night X Space session, engaging with his 3.5 million followers, further fueled the coin’s rapid rise in popularity.

Portnoy’s Trading Spree with Meme Coins

Source: Dave Portnoy on X

Before Jailstool took off, Portnoy dabbled in other meme coins, including “Montoya por favor,” inspired by a Spanish reality show contestant. He initially celebrated his early success in trading, tweeting about making massive gains.

The coin’s market cap peaked at $14 million before plummeting to $1 million. Unfazed, Portnoy shifted his focus to another meme token—Josh Allen MVP coin, themed after Buffalo Bills quarterback Josh Allen. “I think I can make a million… on Josh Allen MVP coin,” he tweeted.

In a bold move, Portnoy warned his followers, “Buy at your own risk. I just bought it. I’m gonna sell it. Don’t buy what ya can’t lose.” The coin surged to a $12 million market cap before sharply declining to just $58,000.

Allegations of Market Manipulation

Portnoy’s trading activity sparked criticism, with some accusing him of orchestrating pump-and-dump schemes to profit from price surges.

Critics argued that he manipulated his audience to drive up token values before selling off his holdings.

Addressing the backlash, Portnoy posted a video where he said, “I turned like 10 grand total into like 75 grand… I don’t even know what I’m doing with my life. Do you go to jail for this? Can I not do this?”

Despite the controversy, Portnoy remains invested in Jailstool, clarifying that while he might eventually sell, he was in no rush, stating, “I may dump it eventually, but I’ll let all you righteous losers dump on each other first.”

In the X Space, he added that Jailstool wasn’t a long-term investment, calling it a coin to “watch and see how it goes.”

Social Media Hype and Massive Investments

Portnoy’s engagement with Jailstool intensified as he encouraged his followers to spread its hashtag on social media.

At one point, he challenged his audience: “Here is the deal. If we get #jailstool to #1 trend on Twitter by the next 20 minutes, I’ll stay up. If not, I’m going to bed.” His followers quickly met the challenge, flooding social media with Jailstool-related content.

Adding to the frenzy, Portnoy revealed that a major investor had purchased between $7 million and $8 million worth of Jailstool tokens.

He reacted with excitement, tweeting, “That’s fucking nuts,” he wrote. “They are now the largest coinholder. Welcome?! Is this good? Hopefully, he is a good whale like Willy and not a dickhead whale.”

Portnoy’s Commitment to Holding Jailstool

As the Jailstool mania continued, Portnoy’s exhaustion began to show. In a humorous tweet, he compared his situation to the biblical story of Samson, saying, “When do you sleep though? Like I know I keep asking, but I do need to sleep at some point. I have a weak immune system. My only weakness really. Like Samson with his hair,”

Despite fatigue, he reassured followers that he wasn’t planning to sell anytime soon. “I have no plans on selling anytime soon,” he tweeted. “I’m waiting for a 500 milly market cap before even thinking about it. But I need my sleep. Goodnight everybody. Sweet dreams, Cyber Rome.”

Even with a packed schedule, including an early flight and Super Bowl events, Portnoy reaffirmed his commitment: “This isn’t a short play. I’m not going anywhere. 500 million market cap or bust.”

Why Jailstool Coin is Gaining Massive Attention

Jailstool’s meteoric rise has drawn attention due to several factors:

Dave Portnoy’s Endorsement Sparks Interest

One of the biggest reasons for Jailstool’s rapid rise is the backing of Barstool Sports founder Dave Portnoy.

On February 9, 2025, Portnoy publicly announced that he had purchased over 50 million Jailstool tokens.

Given his massive influence and following, this endorsement immediately put the coin in the spotlight, attracting a wave of traders and investors eager to capitalize on the hype.

Explosive Price Surge in Hours

Following Portnoy’s announcement, Jailstool’s value skyrocketed at an unprecedented rate. Within just a few hours, the token surged by an astonishing 110,000%, climbing from a mere $0.000001 to $1.10.

This extreme price increase created a frenzy in the market, drawing even more attention from traders looking to ride the wave of momentum.

Market Cap Breaks $100 Million

The rapid price surge had a direct impact on Jailstool’s overall market capitalization, which quickly crossed the $100 million mark.

This milestone further cemented its status as one of the most talked-about meme coins in recent history, with investors closely watching its next moves.

Massive Investment from a Whale Trader

Adding to the hype, a major investor made headlines by purchasing 75.98 million Jailstool tokens, spending a total of $8.1 million.

This single transaction made the buyer the largest holder of the coin, fueling even more speculation about its future potential.

Such large-scale investments often drive increased market interest, as traders anticipate further growth or volatility.

Social Media Buzz Fuels Popularity

Jailstool’s rise wasn’t just limited to price charts—it also exploded across social media. Mentions of the coin surged by 300% in just 24 hours, with crypto enthusiasts flooding platforms like X (Twitter), Reddit, and Telegram to discuss its rapid ascent.

The combination of viral trends and community engagement played a major role in driving further interest in the token.

Debate Over Legitimacy and Market Impact

The sudden success of Jailstool has sparked widespread debate within the crypto space. Some traders see it as an exciting and strategic play, while others question whether it’s just another short-lived crypto scheme.

The rapid rise and potential risks associated with meme coins have led to discussions about market manipulation, sustainability, and long-term viability.

Jailstool as a Meme Coin Phenomenon

Jailstool’s success highlights the unpredictable nature of meme coins, where value is often driven more by hype than by real-world utility.

Like other meme-based cryptocurrencies, its growth depends heavily on community enthusiasm, social media trends, and influencer backing.

Speculative investors continue to monitor its performance, knowing that meme coins can see both massive gains and sharp declines in a short period.

Jailstool’s rapid rise in value and popularity underscores how influential celebrity endorsements and viral trends can be in the crypto market.

While some see it as an opportunity for huge profits, others remain cautious about its long-term sustainability.

As the market continues to evolve, Jailstool remains a prime example of how fast-moving and unpredictable the world of meme coins can be.

Stool Prisondente (Jailstool) Current Price

Source: GeckoTerminal

At this time of writing, the price of Stool Prisondente (Jailstool) is around $0.10282. The token has shown some volatility, reaching a high of $0.11021 and a low of $0.10038 in the latest 15-minute timeframe.

The trading volume is 1.062 million, indicating active market participation. The price has experienced a small +1.21% increase, suggesting a slight upward trend.

However, there was a sharp rise followed by a pullback, showing mixed sentiment. Traders should watch for further price movements and volume changes for potential trends.

Even though the meme coin journey has been exciting, remember that the crypto market can be volatile. Do your research, assess your risk tolerance, and consider the long-term potential of any investment.

Conclusion

Jailstool’s rise is a perfect example of how fast the crypto world can move, especially when backed by a well-known figure like Dave Portnoy.

While some see it as a golden ticket, others remain skeptical, debating its legitimacy and long-term value.

The meme coin frenzy has always been fueled by hype, social media, and big personalities, making Jailstool’s future uncertain yet thrilling.

Whether it holds strong or fades away, it serves as a reminder of the volatile nature of speculative investments. As always, those diving into meme coins should tread carefully and stay informed.

Visit the Bitrue Blog for more information on cryptocurrency, market trends, and investment strategies. Bitrue is dedicated to providing safe, convenient, and diversified services to meet all crypto needs, including trading, investing, purchasing, staking, borrowing, and more.

FAQ

What is Jailstool coin?

Jailstool is a meme coin that gained rapid popularity after being endorsed by Barstool Sports founder Dave Portnoy.

Why did Jailstool’s price increase so fast?

Portnoy’s endorsement and the resulting social media hype caused a surge in demand, leading to a massive price spike.

Is Jailstool a good investment?

Like most meme coins, Jailstool is highly volatile. Investors should assess risks and not invest more than they can afford to lose.

Can celebrities influence crypto prices?

Yes, endorsements from influential figures can significantly impact a coin’s price, as seen with Jailstool’s sudden surge.

What are the risks of investing in meme coins?

Meme coins are highly speculative and can experience extreme price swings. They can gain value rapidly but also crash just as fast.