Alleged Barstool founder's purchase of LIBRA resulted in a loss of $5.34 million, later receiving a $5 million compensation.

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BlockBeats news, on February 17, according to lookonchain monitoring, the day before the launch of LIBRA, a Wallet named '3apupK...Z1LF' was created and received 29,000 SOL (about $5.76 million). The Wallet started buying after about 9 minutes of LIBRA going live, at which point the price had surged to $1.75. The Wallet spent a total of 28,740 SOL (about $5.77 million) to purchase 2.3 million LIBRA. When the price of LIBRA rose to $4.56, it began to decline, resulting in a loss of over $5 million on the LIBRA held by the Wallet. Subsequently, the Wallet received 4.5 million USDC and sold all the LIBRA, exchanging back to 2,163 SOL (about $430,000). After selling the LIBRA, it received another 500,000 USDC. It is worth noting that the Wallet also received 650,000 LIBRA from the Libra team, but quickly returned them. According to @chooserich's analysis, the Wallet may belong to Dave Portnoy (@stoolpresidente). Dave Portnoy, as a KOL, participated in endorsing LIBRA and prepared funds in advance to buy LIBRA. However, due to buying in too late, he suffered a loss of $5.34 million. Dave Portnoy asked Hayden to compensate for the losses and returned the LIBRA he received.

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