Coin Edition -
- Friend.Tech has hinted at a bold comeback with an upcoming airdrop this spring.
- The move comes amid its struggle to maintain trading volume and user base.
- FT’s trading volume is now $56k with 102 traders, down 99.72% from the $20M and 21,600 traders recorded last September.
Friend.Tech (FT), the popular decentralized social app, has hinted at a bold comeback with an upcoming airdrop amid criticism and dwindling trading activity. The FT team posted this teaser on their official X account yesterday.
In particular, the post suggests that the platform is gearing up for what it describes as “the most dangerous mission” yet. The statement read: “The FT bunnies are preparing for their most dangerous mission ever this spring.”
the ft bunnies are preparing for their most dangerous mission ever this spring pic.twitter.com/kiDPnxGizg— friend.tech (@friendtech) February 24, 2024
The image shared in the tweet lent greater credence to the speculation surrounding the possibility of an airdrop orchestrated by the Friend.Tech team. It featured bunnies equipped with parachutes descending from the sky while carrying boxes of goodies, further fueling anticipation among followers.
“People [are] literally creaming themselves over the implied airdrop. Let’s see what happens,” an X user remarked. Notably, this potential airdrop move comes amid FT’s struggle to maintain trading volume and user base.
Recent statistics from analytics platform Dune reveal a significant decline, with trading volume plummeting to a mere $56k on February 20. This is accompanied by a noticeable drop in active traders, numbering only 102.
Specifically, these figures contrast the $20.04 million trading volume and 21,600 traders recorded last September. Technically, it reflected a 99.72% crash in trading activities.
The platform’s struggles have not gone unnoticed within the crypto community. Some crypto community members argue Friend.Tech’s potential airdrop is a desperate move to stay relevant in the decentralized social space.
“Feels like they are finally feeling the heat and are trying to stay relevant,” a notable crypto community figure remarked. Previously, Ethereum co-founder Vitalik Buterin criticized FT’s model, suggesting it risks replacing genuine social interaction with mere financial speculation.
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