Friend.tech, a notable crypto social media protocol, faces privacy and user experience issues, leading to a decline in interest. To rejuvenate the platform, developers plan an airdrop, causing a surge in point value on Whales Market, with prices rising from $1.65 to over $2. Despite controversies, a "user-controlled currency" and a fair launch are promised, with significant investors like Paradigm relinquishing token sale rights. Yet, persistent login issues and stagnant TVL raise concerns over the project's future viability.