Here's How Much Dave Portnoy's $40,000 SafeMoon Investment Is Worth Now

In May, Dave Portnoy, founder of Barstool Sports, announced his entrance into the “sh*tcoin” space with a $40,000 investment in SafeMoon SAFEMOON/USD.

Since then, the cryptocurrency market has been on a tumultuous path back to a $2 trillion market cap.

But is Dave safely on the Moon yet?

While Bitcoin BTC/USD, Ethereum ETH/USD, Cardano ADA/USD, and many other crypto projects have seen their tokens taking off recently, Portnoy’s SafeMoon hasn’t fared quite as well. 

You could pick up 1,000,000 SafeMoon tokens for around $7 at the time of Portnoy’s announcement. Today, you can be a SafeMoon millionaire for just over $2. 

                                     Image: CoinMarketCap

On August 18, Dave confirmed on Twitter that he has diamond hands and is still holding his 4.56 billion SafeMoon tokens.

While Dave may have started with $40,000, his bag is now worth a whopping $7,165.

#safemoon https://t.co/B6X6bBQxWj pic.twitter.com/NXnTNNsFsI

— Dave Portnoy (@stoolpresidente) August 18, 2021

Portnoy’s SafeMoon shenanigans cost him $32,835, but at least he can say he’s a crypto billionaire.