Alvin, the founder of the media "Daily Coin Research", has been paying attention to the new social platform Friend.Tech for a long time. When FT began to be promoted among KOLs in the Chinese circle, he also saw signs that the craze was gradually fading.
1. FT faced a net outflow of 2300 ETH on 10/4, also the largest ever
2. TVL fell 7.8% in a single day. TVL dropped but New Deposit also increased, indicating that the existing funds in FT will start to move at any time.
3. @HanweChang TPed 140e of funds yesterday, which became the main reason for the decline of TVL. The movements of other large players can be tracked through the "actoin by top creators last… https://t.co/IW5g75wPVk" in this Dune
— alvin617.eth (,) (@Alvin0617) October 5, 2023
Friend Tech (FT) largest ever net outflow
Alvin said that FT faced a net outflow of 2,300 ETH on 10/4, also the largest ever. TVL fell 7.8% in a single day. TVL has dropped, but newly deposited funds have also increased, indicating that the existing funds in FT will start to move at any time.
Friend Tech (FT) has big traders taking profits, but not all of them have left yet
Alvin said that @HanweChang, an enthusiastic participant of Friend Tech (FT), had taken profit of 140 ETH on 10/4, becoming the main reason for the decline in TVL. Yesterday, 140e of funds were TPed, which became the main reason for the decline of TVL. The trends of other large investors can be viewed through the "actoin by top creators last 3days" in this Dune:
Top creators currently lock the top 25 accounts, and the average price needs to be above 2.1 ETH to appear. Alvin observed that there were some large accounts withdrawing money in the past two days, and those with more than 5 ETH include @0xCaptainLevi, @The_Bogfather, and @dingalingts. Maybe they used part of their funds to play the fake Stars Arena. These three happened to be very active FT players.
(Stars Arena: friend.tech forked version Stars Arena is growing rapidly)
Alvin observed that high-ranking accounts have not yet collectively withdrawn funds, so there is no need to panic, and the probability of the market becoming active again is very high.
This article Friend Tech News｜Faced with the largest wave of capital outflows, major players leave to imitate the market. It first appeared on Chain News ABMedia.