Stool Prisondente (JAILSTOOL) Increases Over 2,000,000%, What’s Behind the Surge?

Stool Prisondente, also known as JAILSTOOL, saw an extreme price increase after Dave Portnoy, the founder of Barstool Sports, publicly endorsed it on social media. 

This led to a 2,000,000% increase in just one day, pushing the token’s market capitalization to over $250 million before experiencing corrections.

What is JAILSTOOL?

The meme coin was created as a joke referencing Portnoy’s trading habits, playing on his social media handle, which is @stoolpresidente, famous on Twitter (X). 

The name Stool Prisondente reflects how some traders believe his trading style should be questioned, leading to a satirical token that quickly became a market phenomenon.

Despite its origins, JAILSTOOL quickly became a serious trading asset, drawing retail investors, meme coin enthusiasts, and even large investors (whales) to the market.

Who Is Dave Portnoy and What Is Barstool Sports?

Dave Portnoy is a media personality, entrepreneur, and trader, best known for founding Barstool Sports in 2003. Originally a small sports newspaper, Barstool Sports has grown into a major digital media company covering sports, gambling, and pop culture.

^{Source: Twitter (X)}

His connection to sports betting and investing made him a key figure in online trading discussions. With 3.5 million followers on X (formerly Twitter), Portnoy has built a reputation for making bold financial moves, live-streaming his trades, and engaging directly with his audience.

Portnoy’s involvement in cryptocurrency started in 2020 when he bought Bitcoin but later sold it at a loss. He has since experimented with several meme coins, including SafeMoon, which he once promoted but later claimed to have lost money on. 

His involvement in JAILSTOOL has once again placed him at the centre of crypto speculation, generating excitement and criticism.

How Did JAILSTOOL’s Price Increase So Quickly?

JAILSTOOL was initially an unknown meme coin, but Portnoy’s promotion changed everything. Unlike previous meme coins he mentioned in passing, he actively engaged with the JAILSTOOL community, making it clear that he was involved in the project.

He did more than just tweet about it, as he hosted a live X Space, answered questions from traders, and continued updating his audience about his holdings.

Another major factor that drove JAILSTOOL’s price up was a whale investor purchasing between $7 million and $8 million worth of tokens. This large buy order made traders believe that institutional money was entering the market, which led to even more demand.

The token’s price surged as retail traders rushed to buy in, pushing its market capitalization to over $250 million within a day.

However, corrections often follow such extreme price movements, and JAILSTOOL experienced a pullback after hitting its peak.

Market Manipulation Concerns and Portnoy’s Response

As JAILSTOOL’s price increased, some accused Portnoy of market manipulation, arguing that his promotion was an attempt to artificially push prices up before selling at a profit.

This is not the first time Portnoy has faced such accusations. His previous involvement with meme coins like “Montoya por favour” and “Josh Allen MVP” followed a similar pattern—prices increased quickly before dropping.

Portnoy responded to these accusations by insisting that he was transparent about his trades. He even joked about whether his actions could get him in trouble but reaffirmed that he was simply participating in the market like everyone else.

Despite the criticism, his continued engagement with JAILSTOOL traders kept the token in focus, ensuring that interest in the project remained high.

Current Market Performance and Trading Data

JAILSTOOL is currently trading at $0.1032, showing a 5.1% decline from previous levels. The 24-hour trading range is between $0.08087 and $0.2179, reflecting strong volatility.

^{Source: Coingecko}

The market capitalization stands at $109,915,842, meaning the token is still holding significant value. The fully diluted valuation is the same as the market cap, showing that all tokens are already in circulation.

JAILSTOOL’s 24-hour trading volume exceeded $1 billion, proving that traders remain highly active in the market. The token’s circulating supply is 999,853,822, which matches the total and max supply, meaning no additional tokens will be introduced.

JAILSTOOL’s highest price was $0.2179 on February 9, 2025, before experiencing a 55% drop. Its lowest price was $0.08087 on February 10, 2025, confirming the high level of volatility.

Conclusion

JAILSTOOL remains one of the most traded meme coins, but its future is uncertain. Many meme coins see large price increases but fail to sustain value over time.

Portnoy has claimed that he will hold JAILSTOOL until the market cap reaches $500 million, suggesting that he expects further price growth. However, traders remain divided, knowing that meme coins are often unpredictable.

For JAILSTOOL to maintain its position, it must continue attracting traders. If interest fades, the token could see further declines. The key question is whether trading volume remains high or if buyers will eventually move on to other opportunities.

Frequently Asked Questions

What is Stool Prisondente (JAILSTOOL)?
Stool Prisondente, also known as JAILSTOOL, is a meme coin inspired by Dave Portnoy’s involvement in crypto trading. It was originally meant as a joke but became a serious trading asset after he promoted it.

Why did JAILSTOOL’s price increase by over 2,000,000%?
JAILSTOOL’s price increased after Portnoy’s social media promotion and a whale investor purchasing $7-8 million worth of tokens. Traders reacted quickly, pushing the price higher.

Is JAILSTOOL a long-term investment?
JAILSTOOL is a high-risk speculative asset. While some traders have profited from its price movements, others warn about its volatility. Meme coins often rely on hype, meaning their value can change quickly.

Investor Caution 

While the crypto hype has been exciting, remember that the crypto space can be volatile. Always conduct your research, assess your risk tolerance, and consider the long-term potential of any investment.

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