Suspected Barstol founder buys LIBRA, loses $5.34 million, receives $5 million compensation later

According to BlockBeats, on February 17th, according to lookonchain monitoring, a wallet named "3apupK... Z1LF" was created and 29000 SOLs (approximately $5.76 million) were received one day before the launch of LIBRA. The wallet started buying about 9 minutes after the launch of LIBRA, by which time the price had skyrocketed to $1.75. The wallet spent a total of 28740 SOLs (approximately 5.77 million US dollars) to purchase 2.3 million LIBRAs. When the price of LIBRA rose to $4.56 and began to decline, the wallet incurred losses of over $5 million on LIBRA. Afterwards, the wallet received 4.5 million USDC coins and sold all LIBRA coins in exchange for 2163 SOLs (approximately $430000). After selling the LIBRA, another 500000 USDC were received. It is worth noting that the wallet also received 650000 LIBRA tokens from the Libra team, but they were quickly returned. According to @ choorich's analysis, the wallet may belong to Dave Portnoy (@ toolpresident). Dave Portnoy participated in the endorsement of LIBRA as a KOL and prepared funds in advance to buy LIBRA. But due to buying too late, he lost $5.34 million. Dave Portnoy demanded compensation from Hayden for the losses and returned the LIBRA he received.