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Barstool Sports founder Dave Portnoy has been criticized for sharing Meme coin trades on the X platform, with some traders claiming he “slammed” 3.5 million followers. The controversy came after his previous investments in “Montoya por favor” and “Josh Allen MVP” tokens briefly skyrocketed and then quickly collapsed. In the face of criticism, Portnoy announced that he had purchased 50 million “JAILSTOOL” tokens and defended himself on the X platform, where he had promoted Safemoon in the past, the founder of which was later indicted by the SEC for fraud.

Driven by concerns over the trade war and central bank holdings, Citi and UBS have raised their gold price forecasts, predicting that the bull market for gold will continue. Citi has raised its short-term target price to $3000 per ounce and increased its average annual price expectation from $2800 to $2900; UBS has also raised its 12-month target price to $3000. Currently, gold has risen to $2860, an increase of about 9% this year. Meanwhile, due to the rise in gold prices, gold-backed tokens such as PAXG and XAUT are outperforming the crypto market. It is expected that if gold prices continue to climb, these assets will benefit further.