FRIEND Soars Over 1,500% on Machi Big Brother’s $1M Friend.tech Buyout Offer

The native token of Web3 social network Friend.tech experienced a dramatic price increase, rising more than 1,500% following a buyout proposal. The offer, valued at $1 million, came from Machi Big Brother, the trading pseudonym of Jeffrey Huang, a high-profile trader known for leveraged positions in cryptocurrency markets.
Friend.tech launched on the Base blockchain in 2023 and began token trading in May 2024, when FRIEND reached an all-time high of $3.26 on May 3, 2024. However, the platform f