FRIENDTech Holding #1 Whale Jeffrey Huang -52% in Losses

The alleged address of FRIEND's #1 whale, Jeffrey Huang, has reportedly bought $15.35 million worth of FRIEND since FRIEND's launch, but is currently sitting on an unrealized loss of $7.95 million (-52%). The address has been buying FRIEND steadily over the past three days, with an average purchase price of $1.9. Earlier, The Block reported that FRIEND price dropped by more than 20% after the founder of FriendTech, Racer, said that the company “may migrate to other blockchains from BASE”. According to CoinMarketCap, FRIEND is currently trading at $0.9567, down 29.69%.