Pike Finance's price plummeted by 90% due to only providing $10,000 in initial liquidity after TGE
On October 1, The Block reported that early investors of Pike Finance were dissatisfied with the token generation event on Monday. The team only provided $10,000 of initial liquidity for the Aerodrome decentralized trading platform on Base. According to data from DEX Screener, due to limited liquidity at the time of launch, the price of the token quickly fell to around $0.0035, a drop of about 90%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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