We moved too fast and now he just wants to be friends, will anything come of this relationship now?

grovecenter
I was dating a guy and we hit it off and we really emotionally connected but definitely moved too fast. The end result was that he freaked himself out by moving so fast and said that he wants to be friends and doesn't want to lose me as a friend. The kicker is that he actually means it. He keeps telling me that I am a good friend to have like I need to be reminded. I think I am just really confused by this. He hasn't dated around much and I think that was his intention when we were talking for it not to get serious but then it did, and I get that he wants to date around but it just feels weird that I am getting penalized with the friend card and put on the back burner.. I guess my question is just needing advice on this situation in general and any thoughts on his whole friend move and if I should stay on the back burner or if anything would even come of it.

We moved too fast and now he just wants to be friends, will anything come of this relationship now?
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