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Faver Shuts Down Due to Financial and Technical Issues
Social app Faver has shut down during its Token Generation Event (TGE), citing major financial struggles and technical problems. Despite raising $7M in 2023 and reaching 35,000 daily users, the project failed to manage token sales and listing costs. Since TGE, the token value dropped 99%, leading to bankruptcy.
#FaverShutdown #Web3 #TokenCrash #StartupFail #CryptoAlert $SOL
Social app Faver has shut down during its Token Generation Event (TGE), citing major financial struggles and technical problems. Despite raising $7M in 2023 and reaching 35,000 daily users, the project failed to manage token sales and listing costs. Since TGE, the token value dropped 99%, leading to bankruptcy.
#FaverShutdown #Web3 #TokenCrash #StartupFail #CryptoAlert $SOL
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