FriendRoom is a Web3 social application based on real-world maps. User can buy, create, explore & speculate on rooms with friends.
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according to Lookonchain monitoring, Machi (@machibigbrother) bid $1 million to acquire Friendtech after losing over $16 million on FRIEND, driving FRIEND up nearly 30x. A wallet suspected to be an insider (0x2078...0929) spent $4,700 to buy 2 million FRIEND after being dormant for 6 months. After FRIEND's surge, the wallet sold 2 million FRIEND for 20.25 ETH ($50,800), netting a profit of 18.37 ETH ($46,000) — a return of nearly 10x.
"Maji Dage" posted on X that Friend.tech's current market cap has fallen below $300,000, submitting a $1 million acquisition offer to project founder Racer and investor Paradigm, with plans to relaunch the FRIEND token and related products following a community takeover.