Pike Finance provided only $10,000 in initial liquidity after the TGE, resulting in a 90% drop in the token price
Oct 1, 2024 20:20:56
according to The Block, early investors in Pike Finance expressed dissatisfaction with the token generation event on Monday, as the team only provided $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 token's price quickly fell to around $0.0035—an approximate decline of 90%.
It is reported that Pike Finance raised nearly $6.5 million in its token presale in March 2024, with participants purchasing tokens at prices ranging from $0.0280 to $0.0374.