The FRIEND token, associated with the decentralized social network Friend.tech deployed on layer 2 Base in 2023, saw its price multiply by more than 35 in a few hours, surging over 3,000% from approximately $0.0025 to more than $0.09. This spectacular rise was triggered by a $1 million buyout offer posted by trader Machi Big Brother on social network X, who also moved his 11 million FRIEND tokens to a new wallet. The token now trades with a market cap below $300,000 and still shows a massive 98.5% decline from its May 2024 peak of $3.26.
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