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Market
Market response to FriendTech's remedial actions for $FRIEND by end of 2024
5
Resolution / Starting Odds
Significant Recovery • 33%
Moderate Recovery • 33%
No Recovery • 34%
Market analysis and trading volume data
Story
FriendTech's $FRIEND Plunges Over 90% to $0.25 Amid Launch Issues
May 3, 2024, 11:14 AM
FriendTech's launch of its new cryptocurrency, $FRIEND, faced significant challenges, including a dramatic price collapse and technical issues. The token, initially trading at high values, plummeted over 90% shortly after its release, with prices dropping to as low as $0.25. Key issues included a lack of liquidity, as the team added minimal ETH liquidity, and operational problems such as non-functional sell buttons and delayed token claims. Despite these issues, the launch saw a high trading volume on BunnySwap. The situation highlights the volatile nature of new cryptocurrency launches and the critical importance of technical stability and user trust.
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Mostly Negative • 33%
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Mostly Positive • 33%
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