Friend.Tech Launches Version 2 With Native Token Airdrop, But Not Everything Goes According To Plan...
Portfolio Pulse from Murtuza Merchant
Friend.Tech launched version 2 and a native token airdrop, facing a dramatic price crash and technical issues. The FRIEND token, trading on the Coinbase-supported Base network, spiked to $169 before falling below $1.30. Despite the initial excitement, technical problems and a 40% drop in locked crypto assets have marred the launch. The platform's new Money Club aims to enhance community engagement, but the overall sentiment is affected by the launch's challenges.
May 03, 2024 | 2:22 pm
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The FRIEND token, launched on the Base network supported by Coinbase and tied to Ethereum, experienced a significant price crash from $169 to below $1.30.
The dramatic price crash of the FRIEND token, which trades on a network supported by Coinbase and is tied to Ethereum, could reflect negatively on Ethereum's ecosystem, potentially affecting investor sentiment and the perceived stability of projects built on its platform.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70