losses exceeding $16 million, Machi bids $1 million to acquire Friendtech, FRIEND surges nearly 30x

Odaily Planet Daily News According to Lookonchain monitoring, Machi (@machibigbrother) offered $1 million to acquire Friendtech after losing more than $16 million on FRIEND, pushing FRIEND up nearly 30x. A wallet suspected to be an insider (0x2078...0929) spent $4,700 to buy 2 million FRIEND after being dormant for 6 months. After FRIEND rose, the wallet sold 2 million FRIEND for 20.25 ETH ($50,800), making a profit of 18.37 ETH ($46,000), a return of nearly 10x.