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An alleged insider trading wallet bought 2 million tokens just before the surge of FRIEND, making a profit of approximately $46,000.
  • ETH0%
  • FRIEND-52.09%

BlockBeats News, August 28th, according to LookIntoChain monitoring, after Machi (@machibigbrother) offered to acquire Friend.tech for $1 million, the FRIEND token price surged by nearly 30 times.


After being dormant for 6 months, a suspected insider wallet 0x2078 purchased 2 million FRIEND tokens before the price spike, spending 1.88 ETH (about $4,700). The wallet then sold all the tokens for 20.25 ETH (about $50,800), making a profit of 18.37 ETH (about $46,000), almost 10 times the initial investment.


Prior to this, Machi had suffered losses of over $16 million on the FRIEND token. Following the announcement of this acquisition, the FRIEND price experienced significant fluctuations.

Sumber: BlockBeats

Disclaimer: Konten ini berasal dari pihak lain atau diterjemahkan oleh AI dari pihak lain. CoinEx tidak menjamin konten ini benar, asli, atau akurat, dan tidak memberikan saran investasi. Harga aset kripto sangat tidak stabil, jadi harap berhati-hati terhadap risiko yang ada.

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