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The non-fungible token (NFT) project Friendsies has recently been met with controversy after the sudden announcement of a \u201cpause\u201d in development and the deletion of its Twitter account. Rumors have circulated that the project is a rug pull, as users who asked questions were blocked, and notable individuals who hyped the collection have been pointed at by Twitter users.<\/p>\n
Friendsies had launched its NFTs in 2022 and managed to raise approximately $5 million with its initial drop. The LA-based art duo behind the project, Friendswithyou, aimed to mint 10,000 Friendsies, partnering with Christie\u2019s to sell nine early-access mint passes to the collection. However, after the project\u2019s hiatus announcement, Friendsies removed its Twitter account, and users found their accounts blocked.<\/p>\n
In the initial announcement, Friendsies stated that market conditions were the catalyst for the collection\u2019s pause, but this has not quelled rumors that the project is a rug pull. The collection\u2019s floor price is currently 0.011 ETH, or around $18, with a trading volume of 3,774 ETH or approximately $6.3 million. When the collection launched, the Dutch auction opened with a starting price of 3.33 ETH, equivalent to $12,000 per token.<\/p>\n
The project had lofty ambitions, including a play-to-earn game, a community treasury, and an expansion of the brand\u2019s intellectual property. Unfortunately, none of these plans came to fruition. Friendsies\u2019 sudden pause and deletion of its Twitter account have left many collectors and enthusiasts with unanswered questions and concerns about the project\u2019s future.<\/p>\n
\n\u02d9\u1d55\u02d9 \u2013 Dear Community,<\/p>\n
It is clear that we have upset many of you with the nature of our announcement, and perhaps we did not handle that in the best way possible.\u00a0 To be very clear, we are not abandoning fRiENDSiES.\u00a0 Our only intention was to be transparent and communicate with<\/p>\n