The Controversial Name of the Altcoin World Invested 5 Million in the Airdrop Project

Machi Big Brother, the controversial name of the cryptocurrency world, invested 5 million dollars in airdrop Blast.

Ethereum Layer-2 project Blast held an airdrop this week after receiving criticism last year. 17 billion of the BLAST token, which has a total supply of 100 billion, was distributed to the community.

He invested when he entered the market

According to the information provided by Ambient, BLAST token entered the market at $0.03. BLAST's diluted market capitalization is up to $3 billion.

Blast, one of the first Layer 2 projects in the Ethereum ecosystem, enables Ethereum and stablecoin holders to generate returns. Blast's returns are provided by Ethereum staking and RWA (Real World Asset) protocols.

According to information provided by the blockchain analysis platform Lookonchain, Machi Big Brother received 198.37 million BLAST by spending 1,491 Ethereum ($5 million) after the token entered the market. Machi paid $0.025 per unit for them.

He made a loss on his previous investment

Machi Big Brother, whose real name is Jeffrey Huang, is one of the controversial names in the cryptocurrency world. Huang filed a lawsuit against ZachXBT last year, claiming that he stole 22,000 Ethereum in 2018.

According to Lookonchain data, Machi Big Brother also deposited 4,975 Ethereum ($15.6 million) into Friend.tech's FRIEND token between May 3 and June 8. Machi lost more than $10 million due to this investment.