Jailstool Crypto: What It Is & Why Traders Are Talking About It

Hype around the new memecoin Jailstool Coin (JAILSTOOL), also known as Stool Prisondente, swept through the community in mid-February 2025. Just eight hours after its launch, the token's market cap skyrocketed from $300,000 to $160 million. At its peak, JAILSTOOL's valuation reached $220 million.

The buzz is all about Dave Portnoy, the founder of Barstool Sports and a notorious meme enthusiast. Although he didn’t create the token, his jokes about possibly going to jail and his playful promotion of the project on social media have sparked a wave of interest among crypto enthusiasts.

Jailstool Coin is pure speculation: it has no team, no roadmap, and no presale. There are no promises of development, and its value hinges entirely on crowd interest. It’s another memecoin riding on hype, fueled by traders and Portnoy’s tweets.

Still, the coin remains in the spotlight. Conversations about the potential gains from buying JAILSTOOL continue to circulate within the crypto community. Investors are divided—some are gripped by FOMO, fearing they’re missing out on profits, while others are trying to figure out what Jailstool Crypto is and why everyone’s talking about it.

How and Why Did Jailstool Coin Become Popular?

So, how did Dave Portnoy turn Jailstool Coin into a sensation? It all started when a user on X created the token “Stool Prisondente,” mocking the idea of Portnoy going to jail for his alleged actions (mainly accusations of participating in Pump & Dump schemes). Portnoy found the joke hilarious and decided to buy some of the tokens himself, promoting them across his social media accounts.

For those unfamiliar with the controversy, here’s some background. In 2024, Portnoy was heavily involved in trading memecoins and openly shared his trades on X. He mentioned tokens like BODEN, TROG, and GIGA, which saw massive price surges right after his posts. With 3.5 million followers hanging on his every word, it’s no wonder his mentions drove demand through the roof.

Portnoy first drew attention to a token inspired by a contestant from the Spanish reality show La Isla De Las Tentaciones, called “Montoya por favor.” He excitedly shared how his investment in this token yielded significant profits, causing its market cap to skyrocket to nearly $14 million (although it soon plummeted to $1 million).

After that, he turned his attention to a memecoin linked to Buffalo Bills quarterback Josh Allen, expressing confidence that he could make a profit from it. This coin also gained momentum, pushing its market cap past $12 million before crashing to $58,000.

Portnoy warned his followers to be cautious and was upfront about his plan to sell the token once he made a profit. Even with this disclaimer, he faced accusations of Pump & Dump schemes involving the previously mentioned tokens.

So, how did Portnoy react? He leaned in even harder. 

Amid the criticism, he bought into JAILSTOOL and began promoting it relentlessly, creating memes and joking about his “inevitable” jail time.

This strategy grabbed the attention of speculators. The memecoin skyrocketed, and each new post from Portnoy only added fuel to the fire. The more he joked about Jailstool Crypto, the higher its price soared.

Controversy

After another surge in Jailstool Coin’s value, Dave Portnoy faced fresh accusations of manipulating memecoins and cashing out at the expense of investors. Critics argued that he was using his platforms to create artificial hype, then selling his tokens at inflated prices, leaving his followers to bear the losses. 

In response, Portnoy claimed that he was playing by the rules of the crypto market and wasn’t misleading anyone. He also pointed out that while such practices are strictly prohibited in traditional finance, they’re generally accepted in the crypto world.

It’s not the first time Dave Portnoy has been involved in a crypto controversy. He was previously linked to other questionable projects, including SafeMoon, which also faced criticism for unethical practices.

Despite the backlash, Portnoy’s charisma and bold personality continue to capture attention. He insists that his involvement with memecoins is merely about “playing the crypto game.” However, these claims do little to ease growing concerns about the impact his actions could have on inexperienced investors.