In a year where Bitcoin skyrocketed to a historic $73,000, the crypto world was buzzing with excitement—but not every tale had a happy ending. Machi Big Brother, a prominent crypto personality, took a bold leap into the Web3 social network project Friend.tech, investing a jaw-dropping $16.7 million in FRIEND tokens. What started as a high-stakes bet soon spiraled as the market took a downturn, wiping out most of his fortune.
Machi Big Brother’s ambitious move saw him acquire 11.1 million FRIEND tokens with a massive 5200 ETH investment. But with speculation swirling around Friend.tech’s future, fueled by the shocking transfer of smart contract control to invalid Ethereum addresses, fear of a platform shutdown spread like wildfire. Though the Friend.tech team quickly reassured the community, the damage was done.
From $16.7 million to a mere $700,000, his holdings took a massive hit. A slight bounce brought his value back over $1 million, but the staggering $15 million loss lingers. Could this be a wake-up call for crypto investors to tread carefully? Stay tuned for more on this unfolding drama!
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