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Crypto’s Social Media Friends Technology Has Seen Token Value Plunge by 98%
Amico.techone of the most ambitious projects of cryptocurrency advocates in the social media industry, saw the value of its new cryptocurrency plummet almost immediately after its market debut.
On Friday, the decentralized social platform carried out an “airdrop,” or an unsolicited distribution, of its so-called native token, while also unveiling an updated version of the platform. After initially trading as high as $169, the Friend token plummeted by around 98%. less than $2, according to DeFi data tracker DEX Screener.