Crypto Trader And Influencer Machi Big Brother Loses $16 Million Betting On Friend.Tech
Pseudonymous crypto trader and influencer Machi Big Brother has lost $16 million investing in the SocialFi project Friend.Tech (FRIEND). On-chain tracking platform Lookonchain highlighted the popular trader’s losses in a Sept. 9 post on X. In total, Machi Big Brother spent around 5.2K Ethereum (ETH) worth $16.7 million to purchase 11.1 million FRIEND tokens. The total dollar purchase of this investment stood at $0.7 million at the time of the post, according to Lookonchain. Machi Big Brother(@machibigbrother) spent ~5.2K $ETH($16.7M) to buy 11.1M $FRIEND, now worth only $0.7M! He lost ~$16M on $FRIEND!https://t.co/j5UByo1LAf pic.twitter.com/4c5oQPNH62 — Lookonchain (@lookonchain) September 9, 2024 The token has soared over 61% in the past 24 hours, enbling Machi Big Brother to recover some of the losses from the bet on FRIEND. The token traded at $0.0986 as of 3:33 a.m. EST, pushing the dollar amount of the trader’s FRIEND position to over $1 million. ...