Dave Portnoy, founder of Barstool Sports, made a quick profit from investing in Donald Trump’s new cryptocurrency meme coin, $TRUMP. He invested $500,000 and sold his shares after seeing a 200% increase. Portnoy shared his excitement on X, stating, “I just woke up. 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 back to sleep.”
Placing Big Bets on the Buffalo Bills
After making $1 million, Portnoy placed a $5.5 million bet on the Buffalo Bills to win the Super Bowl in 2025. With +550 odds, he aimed to turn his initial $1 million profit into a larger gain. He explained in a video, “I made a quick million bucks from 5 PM to like 5 am… I’m up a million, cash out. Now I’m plus-a-milly. What do you do when you’re plus-a-milly? Let’s go Buffalo. They are f–king due.”
American Ambition: Turning $500K Into $1.5 Million
Portnoy reflected on his impressive profits, saying, “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.”
Fear of Missing Out Drives Investment
Portnoy admitted his initial investment in $TRUMP was driven by the fear of missing out. He said, “Cause I have [fear of missing out on s–t coins].”
Melania Trump Joins the Crypto Trend
Following her husband’s announcement, Melania Trump launched her own cryptocurrency meme coin. Within hours, the $TRUMP coin reached a value of over $50 billion. This move further adds to the Trump family’s growing presence in the crypto world, increasing their wealth.