The FRIEND token has just fallen 40%, causing concern in the crypto world. Here’s what’s happening:
• The Friend.tech team has given up control of its smart contracts, which might mean changes in how the project is run or a lack of faith in its future.
• The team mentioned stagnant growth as the reason for the move, making investors unsure about the project’s direction.
• Investor Machi Big Brother saw his $16.7M investment in FRIEND tokens drop to just $659,895, showing a 98% decline from its peak.
Will FRIEND recover from this sharp decline? The crypto community is watching closely.