Meme coins always attracted investors, combining the meme culture with blockchain technology, traders see it as an effective short-term investment. One such meme coin that ignited investors’ interest is Jailstool, hitting a multi-million dollar market cap milestone in just a few hours. Driven by the influence of Dev Portnoy, the founder of the sports media platform ‘Barstool’ and a known personality in social media, the value ofJailstool ($JAILSTOOL) has propelled, showing an increase of 55,000% in value within 24 hours. This sudden momentum increased the hype around the coin, however many are keen to know whether it is sustainable or a crash similar to the soar can be expected. In this article, we’ll let you know more about the Jailstool meme coin including the story behind the coin launch, price prediction, and more.
Jailstool ($JAILSTOOL)
Jailstool is a meme coin created on the Solana blockchain, inspired by the hypothetical imprisonment of Dave Portray, the founder of Barstool and a renowned social media personality. Jailstool is very different from other coins, it has no presale, allocation, or roadmap. The coin’s value purely relies on community engagement and meme hype.
The Story Behind The Jailstool Meme Coin
Portnoy admired meme coins and has boasted about his ‘billion percent’ return on recent investment in his social media platform, which resulted in massive hype around Solana-based meme coins. However, soon after his post, he was accused of pumping and dumping tokens quickly after gaining profit. Responding to the backlash, he created a new meme coin on Pump.fun, naming it ‘Stool Prisondente’ ($JAILSTOOL). The coin launch ignited the meme coin rally and a sudden rise in the price of $JAILSTOOL.
Portnoy’s popularity and influence have created a large hype around the coin, making it a movement rather than a trading asset. In a tweet, he challenged his followers, saying to make $jailstool to trend on Twitter in the next 20 minutes, then he stands up otherwise he will go to bed. This fun approach ignited the hype of this meme coin, showing how meme coins get impacted by social communities and movements.
$JAILSTOOL Price Chart And Price Prediction
- Current Price: $0.08546
- Market Cap: 83,776,972
- 24-hour trading volume: 626,148,069
- Total Supply: 999,853,822
- Circulating Supply: 999,853,822
| Year | Price |
|---|---|
| 2025 | $ 0.005 |
| 2026 | $ 0.00525 |
| 2030 | $ 0.006381407812500002 |
| 2040 | $ 0.010394640897056844 |
| 2050 | $ 0.016931774704496944 |
Is Jailstool ($JAILSTOOL) Just Another Meme Coin?
Similar to other meme coins, Jailstool’s value depends on community engagement and meme coin hype. The recent surge in the value of $JAILSTOOL has reignited the meme coin momentum, shifting the meme coin’s market cap from less than $1 million to $238 million. The popularity of JAILSTOOL is attributed to Portnoy’s popularity and his massive fan following on Social media platforms, overtime the hype can decrease and the value of the coins can change dramatically.
How To Buy $JAILSTOOL?
$JAILSTOOL coins can be bought from decentralized and centralized crypto exchanges. Popular exchanges where you can buy $JAILSTOOL are,
- Raydium
- Meteora
- MXC
A detailed step-by-step guide for buying $JAILSTOOL coins is given below.
Step 1: Create An Account In The Crypto Exchange
To buy $JAILSTOOL, users have to choose an exchange that supports the buy and sell of Jailstool coins. Create the account by filling in the required information such as name and email address. It is important to check for the reliability of the platform before enabling a buy.
Step 2: Verify Your Account
After creating the account, one has to verify it to buy the $JAILSTOOL. Account verification includes KYC verification. Without verifying your account you will not get access to advanced trading features.
Step 2: Fund Your Account
Fund your account with cryptocurrencies with which you can buy $JAILSTOOL. You can use a credit/debit card, or third-party service for transferring crypto to your account.
Step 3: Buy $JAILSTOOL
Once your account is funded, choose $JAILSTOOL and a number of coins you intend to buy. Review the entered information before confirming the transaction. Once the details are reviewed, press ‘confirm buy’. Your account will receive $JAILSTOOL coins.
Is $JAILSTOOL A Good Investment?
Jailstool is a meme coin that suddenly came to the market, the coin price surge and hype are mainly due to the popularity of Portnoy, his strong social media community has exploded the coin’s popularity using hashtags and other social media tactics. Like other meme coins, JAILSTOOL is highly volatile and its price can decline at the same rate at which it soared, making it a speculative investment rather than a tangible asset. However, short-term investors can make high returns with strong community support and hype. Crypto assets are subject to market risks and volatility, do proper research before making an investment decision, especially in meme coins.
