Data: Suspected Barstool founder loses 5.34 million dollars due to LIBRA, later receives 5 million dollars in compensation

2025-02-17 12:21:20

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ChainCatcher news, according to Lookonchain monitoring, an insider was aware of LIBRA's launch in advance but bought too late, resulting in a loss of 26,577 SOL (5.34 million USD). However, he seems to have received a compensation of 5 million USDC. According to @chooserich, this wallet may belong to Barstool Sports founder Dave Portnoy (@stoolpresidente).

The wallet "3apupK…Z1LF" was created the day before LIBRA's launch and received 29,000 SOL (5.76 million USD). This wallet started purchasing LIBRA about 9 minutes after its launch, when the price had already surged to 1.75 USD. The wallet spent 28,740 SOL (5.77 million USD) to purchase 2.3 million LIBRA at an average price of 2.51 USD.

The price of LIBRA began to decline after reaching 4.56 USD, resulting in a loss of over 5 million USD for the wallet. After receiving 4.5 million USDC, the wallet liquidated its LIBRA holdings and gained 2,163 SOL (430,000 USD), and then received another 500,000 USDC.

It is worth noting that this wallet also received 650,000 LIBRA sent by the LIBRA team, but it was quickly returned.

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LIBRA USDC Dave Portnoy

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