Huang Licheng spent 962 ETH to buy FRIEND at the bottom: the currency price rose to US$10

Friend.tech, a decentralized social platform based on Layer 2 network Base, was officially launched in August last year. It quickly exploded due to the anticipation of airdrops and the blessing of well-known venture capital such as Paradigm. However, this wave of enthusiasm subsided significantly in October last year. It was not until last month that it announced the upcoming launch of V2 and the opening of airdrop applications, and it regained the attention of the community again.

Friend.tech finally officially opened the airdrop application for FRIEND tokens on the 3rd, and launched the V2 version on the 4th. However, the application for FRIEND caused controversy. The community complained that the application website was too slow to apply. If you cannot claim all the airdrops, the V2 version of Friend.tech introduces the main new function club. Only by joining the club can you have the opportunity to claim all the airdrops.

According to Dune data, since the launch of V2, the number of Clubs has reached 113,720, the total transaction volume has reached 16,954,414 FRIENDs, and the club fees have reached 253,474 FRIENDs. Cryptocurrency researcher FRANCESCO believes that V2 may just be the Friend.tech team. An experimental product for future new releases.

After FRIEND was launched, the price once soared to US$169.09, but then plummeted by more than 97%. As of the deadline, it had slightly rebounded to US$2.66, an increase of 5.8% in the past 24 hours.

Big Brother Maji Takes the Dip

It is worth noting that when the price of FRIEND currency is sluggish, according to Lookonchain monitoring, the well-known artist Maji Big Brother Huang Licheng spent 962 ETH (approximately 3 million) on the 5th. USD), buying 1.39 million FRIEND at a price of USD 2.16, and increasing the liquidity of 1,005 ETH (approximately USD 3.13 million) and 1.44 million FRIEND (approximately USD 3.45 million).

Brother Maji also tweeted: The price of FRIEND will reach US$10.

According to previous reports, in fact, Brother Maji was an early user of Friend.tech. When he opened Twitter Space in October last year to announce the opening of Friend.tech, it attracted more than 1,000 people to listen. After opening Friend.tech After .tech, his Key set an astonishing record of more than 4 ETH in less than 10 seconds.

Liquidity providers can earn rewards

Brother Maji will receive considerable rewards for providing liquidity to FRIEND. Friend.tech announced on the 4th that FRIEND token LP Providers can earn rewards in three ways:

• Get 1.5% of each transaction fee for the ETH/FRIEND trading pair

• ##12 Within the month, LM will reward 12 million FRIEND

• 1.5% of ClubKey transaction fee FRIEND

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