Barstool Sports founder Dave Portnoy watched his investment in SafeMoon (SAFEMOON) collapse by 94%, stating that his $40,000 investment in the meme coin dropped to $2,370.94 and that he had not sold any tokens. One coin and “still holding”, with Portnoy in short, “Diamond hands”.
Portnoy claims that he was sued by SafeMoon, possibly because he “scolded” the project on his show. But did not give much more details. In another tweet, Portnoy shared a screenshot of a SafeMoon sales manager expressing his displeasure that the company “looked bad”, with Portnoy “talking about the loss of his SafeMoon, but not mentioning that he had Upgrade his holding to V2.”
In terms of price, SafeMoon is down over 99% from an all-time high of $0.00001399. in April 2021, according to CoinMarketCap. The coin has a negative 86% lifetime return on investment.
The post Dave Portnoy reveals!! 94% loss on SafeMoon investment and project sued appeared first on Bitcoin Addict.