@shugo
Hey @everyone — I'm Shugo, co-founder of Phi.
We officially launched $PHI last Friday (October 10th) on @base.base.eth. Our TGE was conducted transparently with Aerodrome and Arrakis Finance (via a self-custodial MM vault), meaning there were no insider deals with CEX and MMs.
However, shortly after TGE, we faced a tough market environment following the largest crypto liquidation in history triggered by Trump’s new tariff announcement last Saturday.
I’m doing my best to manage the situation with all stakeholders; Aerodrome, Arrakis Finance, and our investors. Our team remains fully committed to building better products, driving real traction, and growing together with our user and creator community.
https://x.com/phi_xyz/status/1976624317330067744
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