Machi Big Brother Sent FRIEND Up 1,500%. Then Ditched $1M Deal

Crypto investor Machi Big Brother has pulled his $1 million bid for Friend.tech and named venture firm Paradigm as the likely obstacle. Instead, he urged co-founder Racer to relaunch the Web3 social app on Robinhood Chain.

The reversal comes nine days after his original offer, sending FRIEND up more than 1,500%. FRIEND Token Price Chart. Source: CoinGecko Machi Big Brother Friend.tech Bid Collapses After 9 Days Machi Big Brother, whose real name is Jeffrey Huang, opened the bid on Aug. 27.

His $1 million buyout offer asked only for the project’s X account and web address. Friend.tech launched on Base in 2023, allowing users to trade shares with each other. Paradigm led a seed round into the startup that same year.

However, Huang offered no evidence and framed the claim as a guess. He also has a history here. He bought 11 million FRIEND for roughly 5,200 ETH, and the position later shed over $16 million. The original team gave up control of the smart contracts in September 2024.