Editing Jailstool

**Jailstool** (ticker **JAILSTOOL**, token name "Stool Prisondente") is a [[Solana]] memecoin adopted and promoted by Barstool Sports founder Dave Portnoy in February 2025.[^1][^2] Portnoy said he did not create it.[^3] Its market cap peaked above $200 million within two days and fell more than 80% soon after.[^2][^4]

## Lore
On 7 February 2025 Portnoy posted about trades in two memecoins, "Montoya por favor" and a "Josh Allen MVP" coin, and traders accused him of dumping on his roughly 3.5 million X followers.[^1] He said he had turned about $10,000 into about $75,000 and asked whether trading that way could land someone in jail.[^1] JAILSTOOL's name plays on his X handle, @stoolpresidente.[^2] On 8 February he promoted the token in posts and an X Space, told followers not to invest more than they could afford to lose, and said he might eventually sell.[^1]

Portnoy received about 57.16 million JAILSTOOL for roughly $378, sold them for about 586 SOL (over $119,000), then spent more than 1,000 SOL (about $200,000) to buy back just over 23 million.[^4] Kraken listed the token after the surge.[^2] GeckoTerminal recorded a peak above $267 million, while CoinGecko put the all-time high near $218 million.[^2][^4] By 10 February it was 83.6% below that high.[^4]

## Timeline
- 2025-02-07: Portnoy's trades in other memecoins draw criticism[^1]
- 2025-02-08: Portnoy promotes JAILSTOOL in posts and an X Space[^1]
- 2025-02-09: Kraken lists JAILSTOOL; market cap peaks above $267 million per GeckoTerminal[^2]
- 2025-02-10: token trades 83.6% below its all-time high[^4]
- 2025-02-19: Portnoy says he moved GREED proceeds into JAILSTOOL[^3]

## Key wallets
- Portnoy's publicly known Solana wallet: bought about 57.16 million JAILSTOOL, sold, then rebought about 23 million; held about $4.5 million of the token at its 9 February level.[^2][^4]

## Controversies
In mid-February 2025 a wallet linked to Portnoy deployed a memecoin called GREED; Lookonchain said he controlled 35% of its supply and made about $258,000 before its price fell more than 90%.[^3] He then launched GREED2 on [[pump.fun]], which briefly passed a $28 million market cap.[^3] Some traders accused him of a [[Rug pull|rug pull]]; Portnoy said he had converted the GREED proceeds into JAILSTOOL and would not sell it before a $1 billion market cap.[^3] The same week, [[Hayden Davis]] said Portnoy had lost millions trading [[Libra]] and later received a refund.[^3]

## See also
- [[Celebrity memecoins]]
- [[YZY]]
- [[Broccoli]]
- [[Iggy Azalea]]
- [[Haliey Welch]]
- [[Daddy Tate]]
- [[Mother Iggy]]
- [[Hawk Tuah]]

## References
1. [Barstool founder Dave Portnoy promotes 'JAILSTOOL' token in response to backlash from memecoin trades](https://www.theblock.co/post/339658/barstool-founder-dave-portnoy-promotes-jailstool-token-in-response-to-backlash-from-memecoin-trades), The Block, 2025-02-08
2. [Kraken lists 'JAILSTOOL' memecoin adopted by Barstool's Dave Portnoy, boosting $200 million token](https://www.theblock.co/post/339671/kraken-lists-jailstool-memecoin-adopted-by-barstools-dave-portnoy-boosting-200-million-token), The Block, 2025-02-09
3. [Dave Portnoy nets over $250,000 by creating and selling 'Greed' memecoin](https://theblock.co/post/341696/dave-portnoy-nets-over-250000-by-creating-and-selling-greed-memecoin), The Block, 2025-02-19
4. [Dave Portnoy Takes His Fans on a Wild Ride With Solana Meme Coin Jailstool](https://decrypt.co/305323/dave-portnoy-solana-meme-coin-jailstool), Decrypt, 2025-02-10
Title
Ticker
Contract checked by reviewers
Chain
Launched
Launchpad
Deployer checked by reviewers
Status
X
Telegram
Website
Also known as