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Friend.tech's much-anticipated token launch and product revamp both had rocky debuts last week.
The community faced issues with a buggy token airdrop process, non-functional new features, and a multi-step claim process requiring people to interact with the protocol’s new features. As a result, its token dropped to a low of $0.93 — a far cry from the pre-market price of $10. The token then rebounded to a local top of $3.14 amid a revenge rally that claimed the contentious launch was all part of Racer’s master plan.
Well, the token is now trading around $1.66 with a market cap just above $155 million. On Crypto Twitter, the debate is still raging over whether FRIEND remains undervalued, with strong calls and cases made from both sides.
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