friend.tech’s single-day capital outflow was US$5.81 million, the highest since its launch
DeFiLlama data shows that on October 23, the fund outflow of SocialFi application friend.tech was $5.81 million, the largest single-day outflow since the protocol was launched. Based on current data, Friend.tech has already outflowed $3.21 million today, possibly setting the second largest single-day fund outflow. Previously, the platform's most valuable user Vombatus sold his 176 keys (worth about $1.5 million), and Vombatus' key price dropped from around 8.3 ETH to 1.671 ETH. The total locked value (TVL) of friend.tech is currently slightly lower than $40 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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