Significant ETH Sale by friend.tech Team and Sharp Decline in $FRIEND Price

According to Lookonchain, the friend.tech team sold 19,477 ETH, valued at $52.4 million, between December 2, 2023, and June 11, 2024. Since its launch, the price of $FRIEND has plummeted by 95%, indicating potential instability and investor concern.
SourceLookonchain
@lookonchainLooking for smartmoney onchain