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startupfail

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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
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
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