Crypto
FRIEND Token Skyrockets 1500% After $1 Million Buyout Offer
Friend.tech's native token FRIEND skyrocketed over 1,500% after Machi Big Brother offered to buy out the social app for $1 million. The offer was made by Taiwanese-American high-profile trader Jeffrey Huang, who is also known as Machi Big Brother.
The proposal targets a social app whose original team relinquished control over its smart contracts roughly 2 years ago. Friend.tech launched on Base in 2023 and peaked quickly, with the token opening up for trading in May 2024.
FRIEND hit an all-time high of $3.26 on May 3, 2024, but then slid to an all-time low of $0.00002225 in July 2026. The surge in activity can be traced to the buyout offer, which was made public through a post on X.