Tag: social finance

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Friend.tech’s FRIEND Token Airdrop Faces Steep Decline Since Market Debut

May 4, 2024

Friend.tech, the decentralized social media application on the Base network, recently launched its native token through an airdrop. Since trading commenced, the token has plummeted, dropping anywhere from 50% to 90% of its initial value across various decentralized exchange (dex) platforms, as reported by several different price aggregation websites. FRIEND Starts Strong but Value Plummets…
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Socialfi’s Shining Star Friend.tech Dims: A Tale of Decline and Disinterest

February 4, 2024

Just a few months back, social finance (socialfi) platforms were the talk of the town, with Friend.tech leading the charge amidst surging popularity. Yet, as the curtains closed on October 2023, this once-celebrated socialfi platform witnessed a sharp decline in user engagement, and data from defillama.com revealed a steep fall in its revenue. From Crypto…
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