Huang Licheng's FRIEND holdings have lost at least $15 million

BlockBeats reported that on September 9, on-chain information showed that Huang Licheng currently holds a total of 11.1 million FRIEND. According to previous Lookonchain monitoring, from May 3 to June 8, Huang Licheng spent a total of 4,975 ETH (about $15.6 million) to purchase 8.6 million FRIEND at an average price of $1.81.

Since then, Huang Licheng has continued to buy FRIEND in small amounts and provide liquidity for its trading pairs, accumulating to the current 11 million FRIEND. If calculated only based on the holdings on June 8 and the current price of FRIEND of $0.06668, the FRIEND he previously bought for $15.6 million is now worth only $570,000, with a floating loss of at least $15 million.