Crypto Coin’s Price Plummets Following Airdrop: An In-depth Analysis of the Coin’s Performance (Symbol)

• The recent launch of the FRIEND cryptocurrency by Web3 social media platform, Friend.tech, has experienced a dramatic crash.
• The decentralized token, which initially surged to a high of $169, plummeted to a low of $3.26 within a short period.
• Concerns were raised among investors after the individual who received the most tokens during Friend.tech’s airdrop sold them off just hours after acquisition, causing the FRIEND price to further drop to $1.32.

Web3 social media platform, Friend.tech’s new cryptocurrency FRIEND experiences a dramatic crash, raising concerns among investors. The token, which initially surged to $169, plummeted to $3.26 and further dropped to $1.32 after a major sell-off.

Friend.tech’s Cryptocurrency Launch and Subsequent Crash

Friend.tech, the Web3 social media platform, recently launched its own cryptocurrency under the name FRIEND. The token began trading on decentralized exchanges and saw a brief surge in price, reaching a high of $169. However, this success was short-lived as the token’s value plummeted to a mere $3.26 within a short period.