$1 Million Offer Sends Friend Token Soaring

A Taiwanese entrepreneur named Machi Big Brother has made a $1 million offer to buy friend.tech, the platform behind the FRIEND token. In response, the price of FRIEND surged 28-fold within an hour.

Friend.tech's dev team transferred ownership of its trading contracts to Ethereum's null address in September 2024, making it impossible for anyone to change the code or redirect fees without the contract owner's permission. The platform still operates and has collected $64.31 million in fees and $32.06 million in revenue since launch.

The FRIEND token crashed 67% on its launch day in May 2024, but Machi Big Brother believes a community takeover (CTO) could revive the project. He wrote: 'CTO brother. Community effort. We do it together.'