SAN FRANCISCO (KRON) -- Iconic San Francisco beer bar, The Toronado, reportedly has a new buyer and also, apparently, a meme coin. The long-running Lower Haight establishment opened 38 years ago and was reportedly put up for sale earlier this year. Now, according to multiple reports, the bar has fo und a buyer. According to a report in the San Francisco Standard, that buyer is crypto currency investor Orion Parrott. Parrott, according to the Standard, plans to turn the Toronado into a global brand, complete with its own cryptocurrency. The proposed currency, "ToronadoCash," which appears to be a meme coin, launched an account on X earlier this year. The account, which has 56 followers, is only following one other account, which appears to belong to Orion Parrott. 3 Bay Area Cal State schools to merge administrative services amid budget crunch The Toronado, which occupies neighboring addresses at 543 and 547 Haight Street, was listed for sale in January for $1.75 million. In a separate report, the San Francisco Chronicle said it had confirmed that bar's sale with a source. The reported sale of the famously cash-only bar to a "crypto bro" has been met with a mix of consternation and disbelief. "April Fool's is next week," said one poster in the Toronado Drinkers Facebook group. "Please tell me this is satire...if not, this is an absolute worst case scenario," said another. KRON4.com has not independently confirmed the sale of the bar. ...read more read less