Analysis of the Sustained Popularity and Potential Risks of Friend Tech

The cryptocurrency market is generally sluggish, but Friend Tech has attracted the continued attention of many users. In just one month, the product has gone through three development stages: the initial surge after launch, a peak after financing, and a recent new round of growth. Currently, the total locked value of Friend Tech has reached 31 million USD, with over 140,000 independent accounts.

Success Factors of Friend Tech

1. High-quality user base

The recent growth mainly comes from the participation of well-known institutions, project founders, and high-influence bloggers. At the same time, the product design effectively filters out truly active users.

2. Airdrop Expectations

The community generally expects future token airdrops, which incentivizes users to hold KEY for the long term, creating a phenomenon similar to (3,3).

3. Strong resource support

The investment from Paradigm and the close relationship with the Base chain provide strong support for the product.

4. Meet upward social needs

Provides users with the opportunity to connect with high-level individuals, filling a gap in the market.

Potential Risks

1. The robot's profits are too high

Currently, the profit share of robots has reached 25%, which may affect normal user participation.

2. The price curve is steep

   May lead to severe price fluctuations and trigger panic selling.

3. Contradiction between product logic and profit model

Encouraging long-term holding conflicts with the demand for frequent trading, which may affect the healthy development of the ecosystem.

Overall, Friend Tech has captured market demand and gained widespread attention. However, its product logic still has some issues, and how to balance the interests of all parties and promote long-term value creation will be key to the product's future development. For users who intend to participate, it is advisable to proceed with caution while strictly controlling their positions.