FRIEND may drop below 2 dollars due to liquidity issues

ChainCatcher message, friend.tech will release version V2 today and conduct a FRIEND airdrop. DEXscreener data shows that FRIEND surged to $169 after trading opened on the Base chain, then quickly dropped to $2.5, briefly falling below $2, currently reported at $1.96.

In response, Hitesh Malviya, founder of the crypto analysis platform DYOR, stated: "It seems that the price drop is driven by liquidity issues, similar to last week's situation with Renzo."

Malviya also mentioned: "The airdrop received by most users is only about 1/10 of what they expected, so they didn't even claim the airdrop, as the amount is less than $200 for most retail investors."