Machi Big Brother, also known as Huang Licheng, said Friend.tech’s market capitalization has fallen below $300,000 and that he has submitted a $1 million acquisition offer to Friend.tech founder Racer and Paradigm. He said that if the deal goes through, Friend.tech could be restarted through a community takeover CTO approach. Following his statement, Friend.tech’s market capitalization rebounded and moved back above $2.2 million. The update was reported by ChainCatcher as a 7x24 newsflash.
According to ChainCatcher, Machi Big Brother, also known as Huang Licheng, said Friend.tech’s market capitalization has dropped below $300,000 and that he has made a $1 million acquisition offer to Friend.tech founder Racer and Paradigm.
Huang said that if the acquisition is completed, Friend.tech could be restarted through a community takeover CTO approach. After his comments, Friend.tech’s market capitalization rebounded to above $2.2 million.
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