According to Odaily, Huang Licheng, a prominent investor, has reportedly used 4873 ETH, equivalent to approximately 15.35 million USD, to purchase FRIEND since its launch. The average purchase price was 1.9 USD per FRIEND. However, based on the current price of FRIEND, Huang Licheng's investment is estimated to have incurred a loss of around 7.5 million USD.
This significant loss underscores the volatility and risk inherent in the cryptocurrency market. Despite the potential for high returns, investors like Huang Licheng can also face substantial losses. The case serves as a reminder for investors to exercise caution and conduct thorough research before investing in digital currencies.
It's worth noting that the value of cryptocurrencies can fluctuate wildly, and the current loss could potentially be reversed if the price of FRIEND increases in the future. However, the current situation for Huang Licheng's investment in FRIEND is less than ideal, reflecting the unpredictable nature of the cryptocurrency market.