Pike Finance's price plummeted by 90% due to only providing $10,000 in initial liquidity after TGE

Odaily News Early investors in Pike Finance expressed dissatisfaction with the token generation event on Monday, with the team providing only $10,000 in initial liquidity for the Aerodrome decentralized trading platform on Base. According to data from DEXScreener, due to limited liquidity at launch, the price of the token quickly fell to around $0.0035 - a drop of about 90%. It is reported that Pike Finance raised nearly $6.5 million in the token presale in March 2024, with participants purchasing tokens at prices ranging from $0.0280 to $0.0374. (The Block)