blockchainreporter.net
Renowned crypto trader and NFT enthusiast Jeffrey Huang, popularly known as Machi Big Brother, has once again demonstrated his confidence in the $FRIEND token. As per LookOnChain, he has invested a substantial sum of 661 $ETH, equivalent to approximately $2.05 million. This investment, aimed at acquiring 798,157 $FRIEND tokens at a price of $2.57 each, marks another significant move by Machi Big Brother in the crypto market.
Machi Big Brother(@machibigbrother) spent 661 $ETH($2.05M) to buy 798,157 $FRIEND at $2.57 again.
— Lookonchain (@lookonchain) May 7, 2024
He has bought a total of 2.19M $FRIEND($5.05M) at $2.31.https://t.co/ync3VY29pq pic.twitter.com/FD5Cc7kwiW
Machi Big Brother’s Significant Investments in $FRIEND Token
This latest purchase adds to Machi Big Brother’s existing holdings of $FRIEND tokens, which now total 2.19 million tokens, valued at $5.05 million. Just yesterday, Machi Big Brother made headlines by investing 962 Ethereum ($ETH), equivalent to $3 million, to acquire 1.39 million $FRIEND tokens at a price of $2.16 each.
In addition to his direct investments in $FRIEND tokens, Machi Big Brother has also contributed liquidity to the market, injecting 1,005 $ETH and 1.44 million $FRIEND tokens, with a combined value of $6.58 million.
Machi Big Brother’s continued support for the $FRIEND token underscores his confidence in the potential of Friend.tech, the blockchain-based social platform behind the token. Friend.tech is renowned for its innovative token-gated chat feature, which allows users to access chats by holding tokens called ‘keys,’ which can be freely traded on the platform.
Machi Big Brother: A Musician Turned Crypto Enthusiast
As a former Taiwanese-American musician and tech entrepreneur, Machi Big Brother brings a wealth of experience and insight to the crypto trading world. His strategic investments in the $FRIEND token reflect his belief in the future of blockchain technology and decentralized social platforms.
With Machi Big Brother’s latest investment, the $FRIEND token is likely to attract even more attention from the crypto community, as investors closely monitor its performance in the market.