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Friend.tech's plan to develop own blockchain leaves users confused

Decentralized social media platform Friend.tech has announced it will be teaming up with Conduit to develop its own blockchain, Friendchain.
Friend.tech's plan to develop own blockchain leaves users confused

friend.tech will work with Conduit to develop Friendchain, using FRIEND as the Gas Token

friend.tech announced on X platform that it will collaborate with Conduit to develop Friendchain, using FRIEND as a fully transferable Gas token. More details will be announced in the coming months.

friend.tech platform Club fees exceeded 390,000 FRIENDs, and the total transaction volume exceeded 27 million FRIENDs

According to Dune data, since the release of friend.tech V2, the number of Clubs has reached 225,088, with a total transaction volume of 27,670,735 FRIEND tokens, and Club fees of 398,145 FRIEND tokens.

The transaction volume of Club Key on friend.tech platform exceeded 1 million

According to the latest data from Dune Analytics, the trading volume of Club Key on the friend.tech V2 platform has exceeded one million since its release, reaching 1,038,825 at the time of writing this article. As of now, the number of Clubs created has reached 189,146, with approximately 121,000 creators and a total transaction volume of 22,940,488 FRIEND tokens. The Club fee is 343,252 FRIEND tokens.

A certain address has sold a total of 677,197 FRIEND airdrops through BunnySwap, making a profit of approximately $1.15 million

According to on-chain analyst @ai_9684xtpa, friend.tech token has sold 677,197 FRIEND tokens through BunnySwap, earning approximately $1.15 million since its launch. It should be noted that some FRIEND airdrop transactions cannot be displayed on the chain. The address 0x262...3D069 has never had a large buy-in, so the source of the tokens is likely to be from airdrops. Currently, the address still holds 42,000 tokens.

Friend.tech: Nearly 60,000 unique addresses joined nearly 90,000 Clubs in the past 48 hours

According to an official post from Friend.tech on X platform, in the past 48 hours, 59,348 independent addresses have joined 88,987 Clubs.

A trader spent 402 ETH to buy 732,326 FRIEND, with an unrealized profit of $653,000

Spot On Chain monitoring shows that FRIEND has surged 70% in just 2 days since its launch. Trader 0xa26 exchanged 402 ETH (approximately $1.23 million) for 732,326 FRIEND tokens at a price of about $1.678 per token. Currently, the trader is the second-largest individual holder of FRIEND, with unrealized profits of $653,000 (+53%).

Among the top 13 friend.tech token FRIEND holders, only 4 sold some of their tokens

According to Dune data, among the top 13 holders of Friend.tech's token FRIEND, only 4 have sold some of their tokens. Currently, 5 holders, including Maji, bitgoten, 8888bitcoin, and 0x5f_eth, have maintained their positions and purchased the token.

friend.tech: 36,267 unique addresses have joined 65,187 clubs

friend.tech stated on social media that in the past 24 hours, 36,267 independent addresses have joined 65,187 clubs.

friend.tech officially releases V2 version

friend.tech has officially released version 2.