FRIEND surged nearly 30-fold after Machi Big Brother, who has reportedly lost more than $16 million on FRIEND, offered $1 million to acquire Friend.tech. The move triggered a sharp rally in the token.
Blockchain data tracked by Lookonchain showed a suspected insider wallet, 0x2078, became active after six months of dormancy and bought 2 million FRIEND for 1.88 ETH, worth about $4,700. After the spike, the wallet sold for a profit of 18.37 ETH, or roughly $46,000, representing an almost 10x return.
Friend.tech Buyout Offer Sends FRIEND Up Nearly 30x as Suspected Insider Wallet Nets $46,000
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