According to statistics, the average purchase cost of $FRIEND by Brother Ma Ji is $2.31 per token. If the current price is $1.99 per token, there is a loss of $896,000.
(Prior Update:
Friend.tech launches V2 version! Coin distribution is not a “formal airdrop”, $FRIEND fluctuates at $1.4)
(Background:
Brother Ma Ji, the whale, buys 962 ETH to purchase FRIEND: The price is expected to surge to $10)
Based on the Layer2 network Base, the decentralized social platform Friend.tech officially launched in August last year. It quickly gained popularity due to the anticipation of the airdrop and the support from well-known venture capitalists such as Paradigm. However, this hype subsided significantly in October last year. It was not until last month, when it announced the upcoming release of V2 and the opening of airdrop applications, that it regained community attention. One of the investors most concerned about $FRIEND is Brother Ma Ji.
Brother Ma Ji splurges 6.5 million pounds to buy $FRIEND
After the launch of $FRIEND, the price soared to $169.09 at one point but then plummeted over 97%. Despite this, Brother Ma Ji still purchased a large amount of $FRIEND. During the poor price performance, he spent 962 ETH (approximately $3 million) on the 5th, buying 1.39 million FRIEND tokens at a price of $2.16 per token.
Today (9th), he once again spent 483 ETH (equivalent to $1.44 million), buying 617,609 $FRIEND tokens at a price of $2.34 per token.
According to statistics, Brother Ma Ji has invested a total of 2,106 ETH (approximately $6.49 million) to purchase 2.8 million $FRIEND tokens. The average purchase cost is $2.31 per token. If calculated based on the current price of $1.99 per token, Brother Ma Ji has incurred a loss of $896,000.
Brother Ma Ji: Looking at Meme Coin from a postmodernist perspective!
Brother Ma Ji, who is currently devoted to developing his own meme coin $Bobaoppa, has recently expressed his views on the meme coin race. However, the content has changed from his previous provocative style to that of a meme coin philosopher.
Brother Ma Ji states that from a postmodernist perspective, meme coins are not just an economic tool but also a symbol of culture. They capture the key moments of the current society and, through the concept of liquidity pools, transform these symbols into tangible economic value.
Brother Ma Ji analyzes how to determine the value of meme coins, and he believes that identifying the background is the most difficult part because it requires users to maintain a high level of sensitivity, constantly paying attention to the correct social media, and being prepared to mobilize capital.
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