Machi Big Brother’s FRIEND position has fallen sharply into the red, with on-chain data showing an unrealized loss of more than $16 million. Lookonchain said Huang Licheng previously spent about 5,200 ETH, worth $16.7 million, to buy 11 million FRIEND tokens, which are now valued at roughly $500,000.
The development comes as he offered $1 million today to acquire Friend.tech and said he plans to relaunch it. On-chain records also show he moved the 11 million FRIEND tokens to wallet 0x3205 five days ago and bought an additional 124,873 FRIEND for about $5,700.
Machi Big Brother’s FRIEND Holdings Show Over $16 Million Unrealized Loss
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.