PANews reported on February 17 that according to Lookonchain monitoring, an insider knew that LIBRA was going to be launched in advance, but bought it too late and lost 26,577 SOL (US$5.34 million), but he seemed to have been compensated with 5 million USDC. @chooserich disclosed that the wallet may belong to Dave Portnoy (@stoolpresidente), the founder of Bartool Sports.

The day before LIBRA went online, the wallet "3apupK...Z1LF" was created and received 29,000 SOL (US$5.76 million). The wallet started buying LIBRA about 9 minutes after LIBRA went online, when the price had soared to US$1.75. The wallet spent 28,740 SOL (US$5.77 million) to buy 2.3 million LIBRA at an average price of US$2.51.

The price of LIBRA hit $4.56 and then began to fall, causing the wallet to lose more than $5 million. After receiving 4.5 million USDC, the wallet liquidated LIBRA and received 2,163 SOL (US$430,000), and then received another 500,000 USDC.

It is worth noting that this wallet also received 650,000 LIBRA sent by the LIBRA team, but it was quickly returned.