{"id":21229,"date":"2025-02-18T10:10:12","date_gmt":"2025-02-18T08:10:12","guid":{"rendered":"https:\/\/forklog.com\/en\/dave-portnoys-170000-purchase-of-fake-libra-coin\/"},"modified":"2025-02-18T10:10:12","modified_gmt":"2025-02-18T08:10:12","slug":"dave-portnoys-170000-purchase-of-fake-libra-coin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dave-portnoys-170000-purchase-of-fake-libra-coin\/","title":{"rendered":"Dave Portnoy&#8217;s $170,000 Purchase of Fake LIBRA Coin"},"content":{"rendered":"<p>Dave Portnoy, the creator of the sports media platform Barstool Sports, purchased LIBRA for approximately $170,000. This coin is not associated with the meme coin mentioned by Argentina&#8217;s President Javier Milei and has a different contract address.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Anybody wanna buy some fake Libra? Warning. This is a meme coin. I bought it by accident. It will be volatile. It will eventually go to zero. It may rip. It may tank. Don\u2019t put on more than you can lose!!! It\u2019s a collectible <\/p>\n<p>7Zt2KUh5mkpEpPGcNcFy51aGkh9Ycb5ELcqRH1n2GmAe <a href=\"https:\/\/t.co\/DGugLNBz74\">pic.twitter.com\/DGugLNBz74<\/a><\/p>\n<p>\u2014 Dave Portnoy (@stoolpresidente) <a href=\"https:\/\/twitter.com\/stoolpresidente\/status\/1891528769770279114?ref_src=twsrc%5Etfw\">February 17, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Anybody wanna buy some fake LIBRA? [\u2026] I bought it by accident. It will be volatile and eventually go to zero. [\u2026] Don\u2019t put on more than you can lose!!! It\u2019s a collectible,&#8221;<\/em> he admitted<em>.<\/em><\/p>\n<\/blockquote>\n<p>Currently, the position<a href=\"https:\/\/solscan.io\/account\/95NUCCwo34sGTuhoJj3T8ux6wbraiofVn7P5BPA8nvoi\"> is valued at $39,200<\/a>.<\/p>\n<p>On February 16, Portnoy<a href=\"https:\/\/www.theblock.co\/post\/341358\/dave-portnoy-mistakenly-pumps-random-libra-token-memecoin-trader-poised-to-lose-big\"> announced<\/a> that he intended to join LIBRA as an advisor and bought the asset after its launch. He later returned about 6 million tokens following a request from the project&#8217;s advisor, Hayden Davis, not to disclose information about the &#8220;gift.&#8221;<\/p>\n<p>Earlier in February, after being mentioned on social media platform X by Argentina&#8217;s President Javier Milei, the asset reached a market capitalization of $4.56 billion, but its price plummeted by 94% within the next few hours.<\/p>\n<p>Later, analysts linked the LIBRA and MELANIA tokens to the same team.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dave Portnoy, the creator of the sports media platform Barstool Sports, purchased LIBRA for approximately $170,000. This coin is not associated with the meme coin mentioned by Argentina&#8217;s President Javier Milei and has a different contract address. Anybody wanna buy some fake Libra? Warning. This is a meme coin. I bought it by accident. It [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[908,1762,1161,1246],"class_list":["post-21229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-argentina","tag-dave-portnoy","tag-memes","tag-scammers"],"aioseo_notices":[],"amp_enabled":true,"views":"140","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=21229"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/21229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/21228"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=21229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=21229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=21229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}