
Investors have expressed frustration over Pike Finance’s recent token launch due to a significant liquidity shortfall. The project team provided only $10,000 in initial liquidity on the AerodromeFi decentralized exchange, causing the token price to plummet nearly 90% to around $0.0035. Pike Finance, a cross-chain lending market, had previously raised nearly $6.5 million in a token presale in March 2024. Despite receiving grants from OP and ARB, the liquidity issues have led to significant investor dissatisfaction. The Pike Finance community is up in arms over the surprise token launch.
The @PikeFinance community is up in arms after a surprise token launch that led to $P plummeting 90% soon after going live. Read more: https://t.co/m0UWqK73En https://t.co/spA2tUEAdW
[THE BLOCK] Crypto trader Ansem says there was a ‘misalignment of incentives’ in certain celebrity-backed memecoins
[THE BLOCK] Investors upset at Pike Finance’s token launch over liquidity shortfall
