Bittime - Just two days after launch, the price of $FRIEND has skyrocketed 70%! Investors and traders don't want to miss out on reaping profits from this price spike.
One investor who was keen to see the potential of $FRIEND from the start was a trader with the username 0xa26. He exchanged 402 ETH (around Rp. 19.2 billion) into 732,326 $FRIEND tokens at an average price of around Rp. 25,000 per token.
With this quick action, trader 0xa26 is now the second largest individual holder of $FRIEND. He now has unrealized profits of IDR 9.8 billion, or an increase of 53% from his initial capital!
Check Today's Crypto Market:
Big Name Investors Also Look at $FRIEND
Not only individual investors, a figure known as Machi Big Brother (@machibigbrother) is also looking at $FRIEND. He poured out 962 ETH (around IDR 46 billion) to buy 1.39 million $FRIEND tokens at a price of IDR 32,000 per token.
Also read: friend.tech: Three Ways for LP Token FRIEND to Earn Income
Machi Big Brother not only bought large amounts of $FRIEND, but also added liquidity to the $FRIEND market. He injected 1,005 ETH (approximately IDR 47 billion) and 1.44 million $FRIEND tokens (approximately IDR 51 billion) into the market.
About Friend.tech
The surge in the price of $FRIEND cannot be separated from the platform that supports it, namely Friend.tech. Friend.tech is a decentralized platform that can be described as a “marketplace for your friends”.
Also Read How to Buy Crypto:
Built on Base, this app allows users to encrypt their social media accounts. App users can purchase other users' "keys" to access shared content and engage in live chat with account owners. To participate, users need to connect to the primary "X" account.
Also read: Latest Friend.tech Token Price Analysis 2024
In just 24 hours, the Friend.tech project raked in more than $1.12 million in transaction fees, surpassing the Uniswap and Bitcoin networks. In about ten days since its launch, the project's total revenue reached $818,620, with more than 650,000 transactions on the social platform and more than 60,000 independent traders.
Despite gaining support from many users, Friend.tech also faced accusations of user data leakage. To avoid SEC scrutiny, Friend.tech changed the name of the platform's most important asset from "shares" to "locks."
Conclusion
This strategic move by early investors and influential figures shows increasing confidence in the $FRIEND token and its ecosystem.
With more attention and momentum gaining, traders and investors are now watching $FRIEND closely, awaiting potential further price increases.
Check Crypto Prices Today:
The soaring price of $FRIEND and the influx of large amounts of funds into its market have made the crypto community look forward to new developments and opportunities in the fast-growing Friend.tech ecosystem.
Smart investors continue to be observant in looking for new trends and exploiting the potential of innovative projects like $FRIEND.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Friend.tech In Trouble, FRIEND Token Price Falls 98% After Launching!
Smart Money Generates Millions of Dollars in Profit from FRIEND!
What is Friend Tech? The SocialFi Platform that Turns Influence Into Assets
Altcoin Prices Decline, What's the Cause?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.