Whale Jeffrey Huang still accumulates FRIEND tokens despite losing 91%

According to a report from Lookonchain early this morning, the wallet of “whale” Jeffrey Huang, known by the nickname machi big brother, is continuing to accumulate FRIEND tokens.

A “whale” wallet, identified as “machi big brother” by Lookonchain, has continued to accumulate FRIEND tokens, amassing 10 million tokens (around $1.5 million) as of this morning, according to the report.

A “whale” wallet, identified as “machi big brother” by Lookonchain, has continued to accumulate FRIEND tokens, amassing 10 million tokens (around $1.5 million) as of this morning, according to the report.

However, it is worth noting that the buying cost of FRIEND for machi big brother is around 5,136 ETH ($16.5 million). This means that he has incurred a significant loss of around $15 million from his FRIEND investment alone.

However, it is worth noting that the buying cost of FRIEND for machi big brother is around 5,136 ETH ($16.5 million). This means that he has incurred a significant loss of around $15 million from his FRIEND investment alone.

Despite the loss, which amounts to 91%, machi big brother has continued to buy the coin, an action that has drawn the attention of the community.

Despite the loss, which amounts to 91%, machi big brother has continued to buy the coin, an action that has drawn the attention of the community.

Machi Big Brother(@machibigbrother) still accumulated $FRIEND!

Machi Big Brother(@machibigbrother) still accumulated $FRIEND!

He currently holds 10M $FRIEND($1.5M), and the buying cost is about 5,136 $ETH($16.5M).

He currently holds 10M $FRIEND($1.5M), and the buying cost is about 5,136 $ETH($16.5M).

He lost ~$15M on $FRIEND, a huge loss!https://t.co/j5UByo2jpN pic.twitter.com/lncu4tZ55R

He lost ~$15M on $FRIEND, a huge loss!https://t.co/j5UByo2jpN pic.twitter.com/lncu4tZ55R

— Lookonchain (@lookonchain) August 12, 2024

— Lookonchain (@lookonchain) August 12, 2024

Friend.tech is a project built on Base that integrates with Twitter to create a platform where users can invest in influencers.

Friend.tech is a project built on Base that integrates with Twitter to create a platform where users can invest in influencers.

These investments create a social community and provide exclusive access to conversations moderated by the influencers.

These investments create a social community and provide exclusive access to conversations moderated by the influencers.

In related news, Ethereum co-founder Vitalik Buterin has criticized FT’s model, saying that it is quite dangerous to have social media interactions gated by financial speculation.

In related news, Ethereum co-founder Vitalik Buterin has criticized FT’s model, saying that it is quite dangerous to have social media interactions gated by financial speculation.

Earlier in May, friend.tech had launched the FRIEND token and airdropped it to users who engaged with the platform. However, when the FRIEND token first dropped, it could only be traded on the DEX BunnySwap via the project’s application.

Earlier in May, friend.tech had launched the FRIEND token and airdropped it to users who engaged with the platform. However, when the FRIEND token first dropped, it could only be traded on the DEX BunnySwap via the project’s application.

The FRIEND token is currently trading at $0.16, down more than 90% since its launch.

The FRIEND token is currently trading at $0.16, down more than 90% since its launch.