Dave Portnoy Calls Dogecoin Effort a Pump and Dump

Barstool Sports’ founder weighs in on the Dogecoin Tik Tok pump scene.

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.