As much of crypto enjoys a week in the green, Friend.tech seems to be losing steam.
The SocialFi app saw $5.81 million leave the platform on Oct. 23, the largest daily outflow since Friend.tech’s launch, according to DeFiLlama. The next day with available data, Oct. 25, saw Friend.tech’s second-largest daily outflow, with another $3.21 million heading for the exits.
The downturn was perhaps accelerated when the platform’s most valuable creator, a profile known as ‘Vombatus,’ sold 176 of their own keys, worth around $1.5 million. Vombatus’ key price fell from around 8.3 $ETH to 1.671 ether (ETH) after the sale.
“At least i got people to talk and use FT for the first time…
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