GMGN market data showed that Friend, a token tied to the Friend.tech ecosystem, briefly climbed past a $6 million market capitalization, with its intraday gain exceeding 17x. Earlier, Taiwanese-American entrepreneur Jeffrey Huang, widely known in the crypto market as MachiBigBrother, said that when Friend.tech’s market value was still below $300,000, he had already made a $1 million acquisition offer to founder Racer and venture firm Paradigm. Huang also said he intended to relaunch Friend.tech through a community takeover in the form of a CTO initiative. With Friend’s sharp price increase, the unrealized profit on Huang’s related holdings is now about $730,000, according to the figures cited in the report. The move puts renewed attention on Friend.tech and the trading activity surrounding its ecosystem token.
According to GMGN market data, Friend, a token in the Friend.tech ecosystem, briefly pushed its market capitalization above $6 million, with its intraday gain exceeding 17x.
Earlier, Jeffrey Huang, known as MachiBigBrother, said in a post that when Friend.tech’s market value was below $300,000, he had made a $1 million acquisition offer to founder Racer and Paradigm. He also said he planned to relaunch Friend.tech through a community takeover structured as a CTO initiative.
As Friend surged, the unrealized profit on Huang’s related holdings reached about $730,000.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
