FRIEND Token Surges Over 1,500% Following $1 Million Buyout Proposal from Machi Big Brother
The FRIEND token of the Web3 social network Friend.tech surged over 1,500%, reaching a price near $0.051 on August 27, 2026, following a buyout offer by high-profile trader Machi Big Brother (Jeffrey Huang). The proposal involves purchasing Friend.tech for $1 million in exchange for the platform's X account and URL. Friend.tech launched in 2023 but struggled to retain users over time. Its token had previously hit an all-time high of $3.26 on May 3, 2024, before plummeting to a low of $0.00002225 by July 2026 due to declining user engagement and market conditions in the SocialFi sector. The buyout offer has significantly boosted FRIEND's trading volume (up over 100,800%) and pushed its market cap from under $300,000 to nearly $4.9 million.
Topics: buyout offer FRIEND token Friend.tech Machi Big Brother Web3 social network