DEX Screener: the value of decentralized social platform Friend.tech's native token, the Friend, fell ~98% to below $2 after making its trading debut on May 3 (Muyao Shen/Bloomberg)

Muyao Shen / Bloomberg:

DEX Screener: the value of decentralized social platform Friend.tech’s native token, the Friend, fell ~98% to below $2 after making its trading debut on May 3  —  – “No one can figure out the tokenomics,” Delphi’s Rinko says  — Friend.tech’s growth has been driven in part by trading bots