Crypto’s Social Media Friend Tech Saw Token Value Crash 98%
Friend.tech, one of the most ambitious projects by crypto advocates in the social media sector, saw the value of its new cryptocurrency tumble almost immediately after making its trading debut. On Friday, the decentralized social platform conducted an “airdrop,” or an unsolicited distribution, of its so-called native token while unveiling an updated version of the platform. After initially trading as high as $169, the Friend token slumped around 98% to below $2, according to DeFi data tracker DE...
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