Dave Portnoy Calls Dogecoin Effort a Pump and Dump

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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.