Huang Licheng's FRIEND holdings have incurred a floating loss of at least 15 million US dollars

On September 9, on-chain information shows that Huang Licheng currently holds a total of 11.1 million FRIEND tokens. According to previous monitoring by Lookonchain, from May 3 to June 8, Huang Licheng spent a total of 4975 ETH (approximately $15.6 million) to purchase 8.6 million FRIEND tokens at an average price of $1.81.

Since then, Huang Licheng has continued to buy small amounts of FRIEND and provide liquidity for its trading pair, accumulating up to the current amount of 11 million FRIEND tokens. If calculated only based on the position as of June 8 and the current price of FRIEND at $0.06668, the previously purchased $15.6 million worth of FRIEND is now only worth $570 thousand dollars, resulting in a floating loss of at least $15 million.