Suspected Insider Wallet Profits Nearly 10x from FRIEND Token Surge
Following Machi's proposal to acquire Friendtech for $1 million—which triggered a brief 30-fold surge in the price of FRIEND—a suspected insider wallet became active after six months of dormancy. The wallet purchased 2 million FRIEND tokens for 1.88 ETH and subsequently sold them for 20.25 ETH, netting a profit of 18.37 ETH, approximately $46,000.