FRIEND position sees unrealized losses exceeding $16 million; Huang Licheng plans to acquire Friend.tech for $1 million

Odaily News: Huang Licheng (@machibigbrother) previously spent approximately 5,200 ETH, worth $16.7 million, to purchase 11 million FRIEND tokens. His current position is now worth only $500,000, representing a loss of over $16 million. Huang Licheng has today offered $1 million to acquire Friend.tech and plans to relaunch it. On-chain data shows that Huang Licheng transferred 11 million FRIEND tokens to wallet 0x3205 five days ago, and subsequently purchased an additional 124,873 FRIEND tokens, worth $5,700.