Staking platform Freeway stops withdrawals

On Sunday night, the platform announced it was suspending withdrawals, citing volatility in the cryptocurrency and currency markets.

You may not have even heard of this platform. Since Freeway was not a significant or well-known project. Its market value before the collapse was less than $70 million and now is $10 million at current trading prices.

The Freeway token (FWT) dropped about 80% within hours of the announcement. Well, that's a classic.

Chain data shows that most of the largest of the 4,342 token holders got their tokens during the airdrop and were inactive the rest of the time.

The largest whales on the platform lost just over $16,500. As the already well-known Twitter user, FatManTerra, noted, the Freeway site administrator is in the process of removing the names of the project team from the page.

Stuff happens, but crypto goes steadily down and up all the time. To keep track of your coins, download Moni - a crypto tracker from cryptans for cryptans.