Most SocialFi platform tokens have plummeted by over 90%, and communities are rapidly disappearing

According to Our Crypto Talk statistics, by early 2026, most SocialFi platforms will be abandoned, acquired, or have lost their functionality, causing token prices to drop by 90-99% and communities to rapidly disintegrate due to incentive depletion. Friend.tech once generated a large amount of fees and followers during peak periods, but within a few months, activity plummeted by over 95%, causing the token to collapse. Vitalik Buterin criticized SocialFi for confusing socializing with speculation, monetizing users rather than platforms, and causing culture to be destroyed by behavioral changes.