Barstool Sports Founder Accidentally Buys $170,000 Worth of LIBRA Meme Coin, Leading to 3000% Price Surge

BlockBeats News, February 18th, according to The Block, Barstool Sports founder Dave Portnoy appears to have mistakenly invested nearly $170,000 to purchase a random LIBRA token—not the controversial token associated with the President of Argentina, Alberto Fernández.

Portnoy bought nearly $170,000 worth of illiquid LIBRA token, causing its price to skyrocket over 3000%. The LIBRA token he purchased has a different contract address from the tokens associated with Fernández in recent days.

If Portnoy were to sell his holdings of the random LIBRA token at the current price, he would lose over half of his investment. The approximately $170,000 worth of LIBRA token that Portnoy invested in is now only worth about $62,000.