$FRIEND Plunges Over 90% Post-Launch, Trades Exclusively on BunnySwap Amid Issues

May 3, 2024, 07:15 PM

Friend Tech, a key player in the social media sector, recently launched its new cryptocurrency, $FRIEND, which experienced a dramatic drop in value, plunging over 90% shortly after its debut. The launch was marked by technical challenges, including issues with liquidity seeding and functionality of the new app, leading to widespread frustration among users. Despite these setbacks, the token's price saw fluctuations, with reports of it trading between $0.25 and $16.37 at various points. The launch strategy involved a 100% airdrop to the community, a move that deviated from typical crypto launches but also contributed to the initial volatility. $FRIEND was exclusively traded on BunnySwap.