According to BlockBeats, on September 9, on-chain information showed that Huang Licheng currently holds a total of 11.1 million FRIENDs. According to previous Lookonchain monitoring, from May 3 to June 8, Huang Licheng spent a total of 4,975 ETH (about 15.6 million US dollars) to purchase 8.6 million FRIENDs at an average price of 1.81 US dollars.
Since then, Huang Licheng has continued to buy FRIEND in small amounts and provide liquidity for its trading pairs, accumulating to 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 bought for $15.6 million is now only worth $570,000, with a floating loss of at least $15 million.
