Friend Tech Faces Backlash as Token Price Crashes After Airdrop

The introduction of the Friend token by FriendTech, a Web3 social media platform, has been met with market turbulence as the price significantly dropped after its airdrop event. Having originally been launched at a value of more than $10, the token’s value went down to $1 before slightly correcting to $1.4. This precipitated loss of value came as a result of several operational hitches in the airdrop operation.