The Price of Cryptocurrency Airdropped Crashed

Cryptocurrency issued by Web3 social media platform Friend.tech collapsed in a short time.

Friend.tech launched its own cryptocurrency under the name FRIEND the other day. The price of the token, which started trading on decentralized exchanges, rose to $169 for a short time, but then dropped to $3.26.

The person who bought the largest amount of tokens during the airdrop organized by Friend.tech sold them a few hours after receiving them, causing concern among investors. The FRIEND price then experienced another decline, falling to $1.32.

Crypto followers criticized the Friend.tech team on social media for not providing enough liquidity to the project.

It is not investment advice

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