Barstool Sports CEO Screams "Let's Pump & Dump $OXT" on Live Stream

Barstool Sports CEO Screams "Let's Pump & Dump $OXT" on Live Stream

By Abhimanyu Krishnan | News | 19 Aug 2020

Following his recent purchase of Bitcoin (BTC), Barstool Sports CEO Dave Portnoy appears to be deepening his interest in cryptocurrencies, this time calling for a bold pump and dump of the Orchid Protocol token during a live stream on August 17.

  • Portnoy called for a pump and dump of tokenized bandwidth asset OXT (at approximately 23:30 in the stream)
  • Says “he doesn’t know what it is”, and bought it on the recommendation of other public investors
  • He directly asks viewers to pump and dump the token, an act that would be risky within traditional markets
  • OXT reached a near ATH right hours before Portnoy’s stream
  • Portnoy was convinced by the Winklevoss twins to enter the crypto market, purchasing $200,000 worth of BTC and $45,000 worth of Chainlink (LINK)
  • Portnoy was sponsored by crypto lending startup BlockFi, which was promoted to viewers

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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