The token for crypto social media platform friend.tech has plummeted after its team transferred the admin and ownership of its smart contracts to Ethereum’s null address — permanently relinquishing any control over them. The transfer, made on Sept. 8, was made to “prevent any changes to their fees or functionality in the future” friend.tech said on X the same day. The platform’s token, FRIEND, dropped by nearly 26% in the last 24 hours to $0.067 after the transfer, according to CoinGecko. Ethereum’s null address is a burn address aimed at the intentional destruction of tokens, and anything sen…