Social Tokens: Day 2

Friends with benefits.

Today we’re looking into the social token FWB (Friends with Benefits)! This one is particularly interesting as it was hit extremely hard during the roll hack, with the FWB price dropping about 99%!! This chart shows the corresponding increase in FWB token holders surrounding the hack! When the roll hack occurred, most assets were sold into Uniswap pools and transferred into ETH. FWB created a new token and airdropped it to its existing holders after the hack.

In comparison to WHALE (yesterday’s focus), FWB tokens are slightly less concentrated. The top 5 FWB addresses contain 56% of the tokens in circulation, whereas WHALE was almost 90%. FWB appears to be one of the more social, social tokens - although, there is still an impractically strong concentration at the top.