Friend.tech Co-Founder Hints at Departure From Base, Token Falls 30%

Friend.tech co-founder, pseudonymously known as Racer, has hinted at leaving Base, an Ethereum Layer-2 network launched by Coinbase in 2023 that supports the platform.

Following the news, Friend.tech’s token fell sharply and is now trading at $1.02, with a 31.4% drop over the past day.

Racer Hints at Departure From Base

Racer posted on X about a system design bounty offering a $200,000 reward to anyone who could devise a method for migrating Friend.tech off of Base without causing significant disruptions for users. The reward would be given if the solution proved effective enough for adoption.

The only way to migrate is to get everyone to sell their keys, have treasury reimburse losses, then start new

GG to this fee farm. $FRIEND at $1, almost no organic users, and Racer wants off base. Still holding a bag as I fell for the $FRIEND to ten psyop Read More