Odaily Planet Daily News According to Solscan trading data, Barstool Sports founder Dave Portnoy appears to have mistakenly invested nearly $170,000 worth of SOL in a random illiquid LIBRA token (the contract is different from the LIBRA token associated with Argentine President Mile), causing its price to rise by more than 3,000% at one point.
Portnoy posted on X shortly after buying the token: "Does anyone want to buy some fake LIBRA? Warning, this is a Meme coin. I bought it accidentally, and it will fluctuate. It will eventually go to zero. It may collapse. It may fall. Don't invest more than you can afford to lose, it's a collectible."
If Portnoy sells his position in a random LIBRA token at the current price, he will lose more than half of his investment funds. (The Block)