Nick Cannon has recently stepped into the cryptocurrency arena with the launch of his own meme coin, aptly named after his popular show, Wild ‘N Out. In a bold move to promote the coin, Cannon took to Twitter/X, engaging in a playful exchange with fellow media personality and crypto enthusiast, Dave Portnoy.

Cannon’s Assertive Tweet

Cannon’s tweet stated, “I have more money than Dave Portnoy. I don’t need to dump on you. Let’s send this to $100m for the culture.” This assertive statement made waves and set the stage for a quick back-and-forth between the two men, drawing attention to Cannon’s cryptocurrency initiative.

Shortly before this, he had announced the launch of the meme coin with enthusiasm, posting: “We Wild ’N Out in the trenches! The official Wild N Out meme coin is Live!… Wildn! Wildn!”

Response from Dave Portnoy

Portnoy, who is no stranger to social media confrontations, quickly responded to Cannon’s assertion with a sharp critique. He tweeted, “No shot somebody with 52 kids has more money than me. Zero,” which poked fun at Cannon’s well-known status as a father to multiple children.

Clarification on Cannon’s Family Status

While Portnoy’s tweet exaggerated the number of Cannon’s children, the entertainer himself is indeed a father to 12 kids from six different relationships, which includes his marriage to iconic singer Mariah Carey. In discussions about fatherhood, Cannon has previously emphasized the financial realities of raising a large family. He remarked, “It’s definitely not [cheaper by the dozen]. It’s a rich man’s sport, I’ll tell ya that.”

Context of the Meme Coin Market

This playful exchange happened amidst Portnoy’s own recent controversies in the meme coin space, including criticism for his previous coin, GREED, after which he introduced a sequel called GREED2. These ongoing developments highlight the volatile and often contentious nature of the cryptocurrency market.