Buddy Play or Deceptive Move? Pump-and-Dump Group Acquires FRIEND, Transfers $500,000 Worth of Tokens Prior to Purchase at a Cost of Around $16.7 Million

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FRIEND+1421.15%

BlockBeats News, August 27th. According to TradingBeats (formerly Hyperinsight), MaGe had previously invested 5200 ETH to purchase FRIEND tokens, which are now worth only $500,000.

Today, he proposed to acquire Friendtech for $1 million and relaunch the protocol. This move caused a short-term 15x price surge in FRIEND. On-chain data shows that 5 days ago, he had already transferred 11 million FRIEND tokens to wallet 0x3205. However, as of the time of writing, the transferred tokens have not been sold.

Fonte:BlockBeats

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