Kanye West and Dave Portnoy have found themselves embroiled in a heated exchange that has captivated social media.
The feud erupted after Portnoy, the founder of Barstool Sports, labelled West’s proposed meme coin a “scam.”
KANYE WEST VS DAVE PORTNOY
This accusation prompted a fiery response from West, who took to X (formerly Twitter) to defend himself. Portnoy’s comments came during a tirade where he referred to West as the “worst human alive.”
He warned his followers, saying, “Rumor is Kanye may be launching a scam meme coin and morons will buy it,” according to Fortune
His disdain for West was palpable as he expressed concern for the ordinary investors who might get hurt in the process. Portnoy claimed, “Snipers will get rich. Normal people will get crushed”.
KANYE WEST’S CONTROVERSIAL VIDEO
In response, West posted a now-deleted video while clad in a swastika-emblazoned sweater.
He dismissed Portnoy’s claims, stating, “I don’t know you,” and insisted that he would not tolerate anyone undermining his financial ventures.
“When you start telling people that my coin is not real and you try to play with my money, that’s the last time that we’ll be talking online,” he asserted.
Recently, he has made headlines for his inflammatory remarks about Jewish people and has even declared, “I AM A NAZI.” This drew widespread condemnation.
His erratic behaviour has raised concerns about his mental health, with Portnoy suggesting that West might need professional help. “If he’s sick, put him in a hospital”.
The backdrop of this feud is the volatile world of meme coins, according to Binance.
Critics have accused Portnoy of running pump-and-dump schemes, profiting from crypto hype while leaving investors in the lurch.
THE CRYPTO MARKET
He has previously turned significant profits from his trades but at the cost of others’ losses.
His approach to trading has often been described as reckless, with critics warning against following influencers blindly in the crypto market.
Kanye West’s attempts to launch his meme coin have also been met with scepticism, according to Crypto.
Despite earlier denying plans for such a venture, he now appears to be pursuing it under the name “Swasticoin.”
POTENTIAL SCAMS
However, many in the crypto community have flagged his tweets as potential scams, warning users to avoid engaging with them.
The drama escalated further when Portnoy made light of Kanye West’s situation by sarcastically commenting on social media.
“I thought Adam Sandler cured him of being a Nazi.” This remark highlights the absurdity of the situation and reflects the growing frustration among those observing West’s behaviour.
As both figures continue their public spat, it raises questions about accountability in the cryptocurrency space.
CRYPTOCURRENCY INVESTMENTS
With high-profile personalities like Portnoy and West influencing market trends, investors must remain vigilant and conduct thorough research before diving into meme coins.
The stakes are high, and as this saga unfolds, it serves as a reminder of the unpredictable nature of both celebrity antics and cryptocurrency investments.
The clash between Kanye West and Dave Portnoy encapsulates the chaotic intersection of fame and finance.
As they trade barbs online, their actions could have lasting implications for their followers and the broader crypto landscape.
HOW DO YOU FEEL ABOUT CELEBRITIES INFLUENCING THE CRYPTOCURRENCY MARKET?
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