FRIEND Explodes Over 1,600% After Machi Big Brother Proposes $1M Takeover

Trading volume surged nearly 95,000% in 24 hours as traders rushed back into the dormant token, pushing its price up by over 1,600%. Machi Big Brother proposed a $1 million buyout of Friends.Tech on August 27, offering to acquire the stalled project from Racer and Paradigm and relaunch its FRIEND token. The proposal sent FRIEND sharply higher, but the move also revived questions about Machi’s own heavy losses on the token and whether his plan can bring the project back to life. Machi Offers $1M as FRIEND Trading Activity Explodes In a post on Wednesday, Machi Big Brother wrote that Friend.Tech was trading at less than $300,000 in market capitalization before making his offer. “I’m offering a 1 mil usd buyout offer to Racer and @paradigm. We can CTO relaunch $FRIEND,” he wrote. The proposal quickly changed the token’s trading activity, with CoinGecko data showing FRIEND up more than 1,600% over 24 hours at the time of writing, with the token trading near $0.06. It had traded as low as $0.0025 during the previous 24 hours and reached roughly $0.10 at its high. In addition, trading volume had climbed to about $5.3 million over 24 hours, a 94,831% increase from the previous day. Moves ...