FRIEND surges nearly 30x after $1 million Friendtech bid; wallet earns $46,000

FRIEND rose nearly 30-fold after Machi (@machibigbrother), who had lost more than $16 million on the token, bid $1 million to acquire Friendtech, Lookonchain reported. A wallet suspected of being an insider wallet, identified as 0x2078...0929, became active after six months of dormancy and spent $4,700 to buy 2 million FRIEND. After the rally, it sold the tokens for 20.25 ETH, valued at $50,800, generating a profit of 18.37 ETH, or $46,000, for a return of nearly 10 times.

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