TechFlow news, on February 17, according to blockchain data analysis platform Lookonchain, a wallet named "3apupK...Z1LF" was created the day before LIBRA's launch and received 29,000 SOL, worth approximately $5.76 million.
About nine minutes after LIBRA went live, this wallet began purchasing, investing 28,740 SOL (about $5.77 million) to acquire 2.3 million LIBRA tokens. As LIBRA’s price rose to $4.56 and then started falling, the wallet incurred trading losses exceeding $5 million.
Subsequently, the wallet received 4.5 million USDC and sold all its LIBRA holdings, receiving back 2,163 SOL (approximately $430,000). After liquidating its position, it received an additional 500,000 USDC.
In addition, this wallet had previously received 650,000 LIBRA from the LIBRA project team but later returned them.
Analyst Nick O'Neill speculated that this wallet may belong to Dave Portnoy, founder of Barstool.
