Dave Portnoy's SafeMoon position is down 94%, claims he's being sued by project

Cointelegraph

Published Aug 08, 2022 05:15PM ET

Updated Aug 08, 2022 07:40PM ET

Barstool Sports founder Dave Portnoy has watched his investment in SafeMoon (SAFEMOON) crash by over 94%, proving to crypto enthusiasts that he is, in fact, capable of hodling during the bear market.

The stock trader and media personality took to Twitter (NYSE:TWTR) on Monday to lament his $40,000 investment in the memecoin, which has fallen to just $2,370.94 after he didn’t withdraw a single token. “Still holding by the way,” Portnoy said. “Diamond hands.”

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