The largest Friend.tech whale has sold all his holdings, causing the new token to fall over 50% in value while other users are still unable to claim the airdrop.
The largest airdrop recipient on Friend.tech has sold all his tokens just hours after the airdrop creating concerns over the token’s price action
Just hours after the Friend.tech airdrop went live on May 3, the largest whale, known as “Murphys1d” sold over 55,000 of the newly-issued Friend tokens, blockchain data shows.
Beyond the sell-off, some users were unable to claim their airdrop, including crypto investor Luke Martin, who wrote in a May 3 X post:
