The founder of Barstool Sports mistakenly bought $170,000 worth of a LIBRA meme coin with the same name, causing its value to surge by 3000%

The founder of Barstool Sports, Dave Portnoy, seems to have mistakenly invested nearly $170,000 in purchasing a random LIBRA token, not the controversial token associated with Argentine President Mila. Portnoy bought nearly $170,000 worth of illiquid LIBRA tokens, causing its price to skyrocket by over 3000%.

The LIBRA token he purchased has a different contract address from the one related to Mila in recent days. If Portnoy sells his random LIBRA tokens at the current price, he will lose more than half of his investment. The approximately $170,000 worth of LIBRA tokens that Portnoy invested is now only worth about $62,000.