Stool Prisondente (JAILSTOOL), a meme coin on the Solana platform, has reached a new level of popularity by getting listed on the cryptocurrency exchange Poloniex, following its appearance on Kraken and MEXC.
New Listing on Poloniex
Poloniex has listed Stool Prisondente (JAILSTOOL), with trading against USDT starting on February 11 at 07:00 UTC. Withdrawals will be available the next day, on February 12. This listing follows recent listings on MEXC and Kraken.
Impact on the Market
This Solana-based meme coin, humorously referencing Barstool Sports founder Dave Portnoy, gained major traction after Portnoy publicly shared his trading experience in meme coins with his followers on X. On Friday, Portnoy shared how he turned a modest investment of around $10,000 into a profit of $75,000, pushing the JAILSTOOL token to a peak market cap of over $267 million.
Sharp Decline in Value
However, it was not long before the token's value sharply declined, dropping to approximately $34 million at the time of writing, according to Coinmarketcap.
The listing on Poloniex may prove to be significant for JAILSTOOL, despite some fluctuations in its market value.
