Wu said that according to on-chain information, his best friend Huang Licheng currently holds a total of 11.1 million FRIENDs. 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 small amounts of FRIENDs and provide relevant liquidity, accumulating to the current 11 million FRIENDs. If calculated only based on the holdings on June 8 and the current price of FRIEND of US$0.05917, the FRIEND he previously purchased for US$15.6 million is now only worth US$510,000, with a floating loss of at least US$15 million.