Friend.tech Native Token Tanks 50% After Biggest Whale Dumps
Friend.tech native token $FRIEND fell 50% on May 3 after its debut as the largest whale dumped their holdings. Meanwhile, users couldn’t access their airdropped tokens.
As BaseScan data shows, within hours of the airdrop, the largest holder, “Murphys1d,” sold over 55,000 of the newly issued $FRIEND.
This led to an immediate 53.3% drop in the token’s price from $3.26 to $1.30 as of writing.
Beyond the sell-off, some users were unable to claim their airdrop, forcing them to watch helplessly as $FRIEND’s price plummeted. Crypto investor Luke Martin commented that this just “adds insult to injury.”
Watching the value of my airdrop go from 7 figs to 5 figs in the span of 2hrs while I keep refreshing the page trying to claim….still can't claim.
Meanwhile I gotta watch this guy cashout while my wallet won't even load.
Adds insult to injury
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