Early Friday, Friend.Tech airdropped its native token, FRIEND, while debuting version 2 of the platform. Decentralized social platform Friend.Tech on Friday airdropped its native token, FRIEND, while unveiling version 2 of the platform, which is packed with new features, including the Money Club. The token's price rose as high as $169 immediately after it began trading on Base before quickly collapsing to $2.5, data from DEXscreener show. "It looks like the price dump has been driven by liquidity issues, similar to what happened with Renzo last week," Hitesh Malviya, founder of crypto analytics platform DYOR, told CoinDesk. Liquidity refers to market's ability to absorb large buy and sell orders at stable prices. In a low liquidity environment, a few large orders can have an outsized impact on the market price.
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Mkt Cap $2.30T
BTC Dom 56.67 %
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▲ +0.30%
ETH
$1,920.42
▲ +0.20%
USDT
$0.999331
▲ +0.00%
BNB
$604.61
▲ +2.70%
USDC
$0.999627
▲ +0.00%
XRP
$1.04
▲ +1.00%
SOL
$76.27
▲ +3.30%
TRX
$0.32843
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.73
▼ -2.60%
DOGE
$0.070963
▲ +1.90%
USDS
$0.999725
▲ +0.00%
RAIN
$0.012649
▼ -0.60%
LEO
$9.71
▼ -0.50%
ZEC
$504.80
▼ -1.00%
ADA
$0.199866
▲ +0.70%
XMR
$384.25
▲ +3.40%
WBT
$56.27
▲ +0.30%
LINK
$8.33
▲ +1.10%
XLM
$0.165996
▲ +3.40%
DAI
$0.999972
▲ +0.00%
BCH
$217.52
▲ +1.20%
USD1
$0.99952
▲ +0.00%
USDE
$0.999539
▲ +0.00%
GRAM
$1.36
▲ +1.70%
Mkt Cap $2.30T
BTC Dom 56.67 %
BTC
$65,014.00
▲ +0.30%
ETH
$1,920.42
▲ +0.20%
USDT
$0.999331
▲ +0.00%
BNB
$604.61
▲ +2.70%
USDC
$0.999627
▲ +0.00%
XRP
$1.04
▲ +1.00%
SOL
$76.27
▲ +3.30%
TRX
$0.32843
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.73
▼ -2.60%
DOGE
$0.070963
▲ +1.90%
USDS
$0.999725
▲ +0.00%
RAIN
$0.012649
▼ -0.60%
LEO
$9.71
▼ -0.50%
ZEC
$504.80
▼ -1.00%
ADA
$0.199866
▲ +0.70%
XMR
$384.25
▲ +3.40%
WBT
$56.27
▲ +0.30%
LINK
$8.33
▲ +1.10%
XLM
$0.165996
▲ +3.40%
DAI
$0.999972
▲ +0.00%
BCH
$217.52
▲ +1.20%
USD1
$0.99952
▲ +0.00%
USDE
$0.999539
▲ +0.00%
GRAM
$1.36
▲ +1.70%
BTC
$65,014.00
▲ +0.30%
ETH
$1,920.42
▲ +0.20%
USDT
$0.999331
▲ +0.00%
BNB
$604.61
▲ +2.70%
USDC
$0.999627
▲ +0.00%
XRP
$1.04
▲ +1.00%
SOL
$76.27
▲ +3.30%
TRX
$0.32843
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.73
▼ -2.60%
DOGE
$0.070963
▲ +1.90%
USDS
$0.999725
▲ +0.00%
RAIN
$0.012649
▼ -0.60%
LEO
$9.71
▼ -0.50%
ZEC
$504.80
▼ -1.00%
ADA
$0.199866
▲ +0.70%
XMR
$384.25
▲ +3.40%
WBT
$56.27
▲ +0.30%
LINK
$8.33
▲ +1.10%
XLM
$0.165996
▲ +3.40%
DAI
$0.999972
▲ +0.00%
BCH
$217.52
▲ +1.20%
USD1
$0.99952
▲ +0.00%
USDE
$0.999539
▲ +0.00%
GRAM
$1.36
▲ +1.70%
Mkt Cap $2.30T
BTC Dom 56.67 %
BTC
$65,014.00
▲ +0.30%
ETH
$1,920.42
▲ +0.20%
USDT
$0.999331
▲ +0.00%
BNB
$604.61
▲ +2.70%
USDC
$0.999627
▲ +0.00%
XRP
$1.04
▲ +1.00%
SOL
$76.27
▲ +3.30%
TRX
$0.32843
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.73
▼ -2.60%
DOGE
$0.070963
▲ +1.90%
USDS
$0.999725
▲ +0.00%
RAIN
$0.012649
▼ -0.60%
LEO
$9.71
▼ -0.50%
ZEC
$504.80
▼ -1.00%
ADA
$0.199866
▲ +0.70%
XMR
$384.25
▲ +3.40%
WBT
$56.27
▲ +0.30%
LINK
$8.33
▲ +1.10%
XLM
$0.165996
▲ +3.40%
DAI
$0.999972
▲ +0.00%
BCH
$217.52
▲ +1.20%
USD1
$0.99952
▲ +0.00%
USDE
$0.999539
▲ +0.00%
GRAM
$1.36
▲ +1.70%
