Not a bad way to make a quick buck.
Or a million.
Barstool Sports founder Dave Portnoy claims to have made $1 million by buying and later selling President-elect Donald Trump’s new cryptocurrency meme coin, $TRUMP, initially investing $500,000.
“I just woke up,” Portnoy wrote on X early Sunday morning. “Checked $trump coin. I’m up 200% since I bought it yesterday. Sold it. Made a quick milly. Prob gonna put it on the Bills tonight. I love Trump’s America! Now I’m going back to sleep.”
The Bills host the Ravens in the AFC divisional round Sunday night.
Portnoy confirmed in a later video that he did indeed bet on the Bills, but for even higher stakes — to win Super Bowl 2025.
He placed $1 million on the Bills at +550 odds.
“I made a quick million bucks from 5 p.m. to like 5 a.m.,” Portnoy said in the video. “I’m up a million, cash out. Now I’m plus-a-milly. What do you do when you’re plus-a-milly? I’ll tell you what you do. Let’s go Buffalo. They are f–king due.
“Tell me something more American than turning 500 grand into $1.5 million — $1 million profit. Taking that one-milly profit and putting it on the Buffalo Bills to win their first Super Bowl ever. Well that’s what I did.”
Portnoy said he originally bought $500,000 worth of $TRUMP at $24.80 a share through Kraken Exchange.
“I have officially bought 500k of $trump coin,” Portnoy wrote. “Why? Cause I have [fear of missing out on s–t coins].”
Trump announced his new cryptocurrency coin Friday night.
“My NEW Official Trump Meme is HERE! It’s time to celebrate everything we stand for: WINNING! Join my very special Trump Community,” he wrote on X. “GET YOUR $TRUMP NOW. GO to gettrumpmemes.com — Have fun!”
Trump and his companies have made over $50 billion off the coin, according to Axios.
Trump’s wife, First Lady-elect Melania, announced her own cryptocurrency meme coin on Sunday.
