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HOTY: The $3M Yacht Scandal Memecoin When a viral sex tape of Dave Portnoy surfaced from his yacht, the internet went wild. The phrase "Head On The Yacht" (HOTY) quickly became a meme, inspiring a memecoin. Desperate to erase the footage, Portnoy allegedly spent $3 million trying to scrub it from the web—but the legend (and the coin) lives on