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The suspected founder of Barstool bought LIBRA and lost $5.34 million, but later received $5 million in compensation

 according to Lookonchain monitoring, a wallet named "3apupK...Z1LF" was created the day before LIBRA went online and received 29,000 SOL coins (about $5.76 million). The wallet started buying after about 9 minutes of LIBRA going online, when the price had already soared to $1.75. The wallet spent a total of 28,740 SOL coins (about $5.77 million) to purchase 2.3 million LIBRA coins. When the price of LIBRA rose to $4.56, it started to fall, and the wallet's loss on LIBRA exceeded $5 million.

Later, the wallet received 4.5 million USDC coins and sold all the LIBRA, exchanging them back for 2,163 SOL coins (about $430,000). After selling the LIBRA, it received another 500,000 USDC coins.

It is worth noting that the wallet also received 650,000 LIBRA coins 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 key opinion leader (KOL), participated in endorsing LIBRA and prepared funds in advance to buy LIBRA. However, because he bought in too late, he lost $5.34 million. Dave Portnoy asked Hayden to compensate for the losses and returned the LIBRA he received.

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