Machi Big Brother (@machibigbrother) is now at a serious loss of $15M+ on FRIEND after the price crashed following the friend.tech team’s smart contract renouncement.

• Machi Big Brother's FRIEND address: 0xf0ea13334d6f74044ec7332de1c6ec194179df3d
• This address belongs to the entity Machi Big Brother

Notably:

• Machi Big Brother was a hard-core bull on FRIEND, spending $18M worth of ETH to buy 15.99M FRIEND at $1.125 on average between May 9 and August 13, 2024. Besides direct purchases, he also accumulated FRIEND by providing liquidity on BunnySwap.
• As the FRIEND declined over time, he sold 5.26M FRIEND for $2.27M worth of ETH at $0.431 on average to cut loss.
• Currently, he still holds 11.1M FRIEND ($689K) with an estimated total loss of over $15M. Unfortunately, the friend.tech platform has effectively shut down after its developers renounced control of its smart contracts yesterday. With contract ownership revocation, a revival of the platform by any new team is now unlikely.

Fig 1. Machi Big Brother's overall FRIEND purchases and sales of FRIEND.

Fig 2. The current FRIEND holding of Machi Big Brother.

Fig 3. The friend.tech team renounced their smart contract ownership.