Dave Portnoy Calls Dogecoin Effort a Pump and Dump
Barstool Sports’ founder weighs in on the Dogecoin Tik Tok pump scene.
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Dave Portnoy, founder of Barstool Sports, recently ranted about the recent shilling of Dogecoin (DOGE) via Tik Tok.
“What’s going on with Dogecoin!?” Portnoy said in a recent video posted on Twitter. “It’s a pump and dump,” he added, calling Dogecoin “bubbly rosé.”
Tik Tok DOGE Challenge
A recent effort shows the Tik Tok community attempting to pump DOGE up to $1 in a get-rich-quick fashion. DOGE currently boasts a 90% increase over the past 24 hours, according Cointelegraph data.
“Everyone’s buying this Dogecoin,” Portnoy said in the video. “It’s a cryptocurrency, it’s fake life, people are buyin it — they want it to go to $1, people are gettin rich.”
DOGE sits at a press time price of $0.0049, up from Cointelegraph’s July 7 coverage, when the asset sat at $0.0042.
