# FRIEND Token Surges 1,600% After Machi Big Brother's $1M Takeover Proposal Machi Big Brother's offer to acquire Friends.Tech project sent FRIEND token's value skyrocketing. - **Source:** [CryptoPotato](https://brifing.si/source/bd22636b-ec8d-42a8-8cca-1937c50e0f6c) - **Published:** 2026-08-27 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/04c1b2fb-b949-4ca9-880a-6a37325aba4b ## Machi Big Brother's Surprising Offer On August 27, Machi Big Brother made a $1 million offer to acquire the Friends.Tech project from Racer and Paradigm. This proposal caused a sudden spike in the value of the FRIEND token. According to CoinGecko data, the token's value increased by over 1,600% in 24 hours, reaching $0.06. In the previous 24 hours, the token had dropped as low as $0.0025. The offer aims to revive the project. ## Record Volume for FRIEND Token Following Machi's offer, the trading volume of the FRIEND token reached $5.3 million in 24 hours. This represents a 94,831% increase compared to the previous day. Looking at longer-term data, the token's value increased by 2,600% compared to a week ago and by 3,400% compared to 14 days ago. However, given the volatile nature of the crypto market, these figures could change. ## Machi's History with FRIEND Machi Big Brother has a turbulent history with the FRIEND token. According to Lookonchain data, Machi previously spent 5,200 ETH (worth $16.7 million at the time) to purchase 11 million FRIEND tokens. However, by the time Lookonchain reported, these tokens were worth only $500,000, meaning Machi suffered a loss exceeding $16 million. ## Token Transfer and New Wallet Five days before announcing his $1 million offer, Machi transferred 11 million FRIEND tokens to a wallet labeled 0x3205. Machi denied claims that he sold the tokens, describing the receiving address as his 'new fomo wallet.' This move sparked speculation among investors. ## Friend.Tech's Collapse Friend.Tech launched on Base in August 2023, initially attracting users with a system that allowed trading access to influencers' feeds. However, the platform's success was short-lived. In September 2024, the development team transferred control of Friend.Tech's smart contract to Ethereum's null address. This decision came as platform revenues plummeted to as low as $71. ## FRIEND's Historic Decline During Friend.Tech's collapse, the FRIEND token also suffered significant losses, hitting all-time lows. Despite the current surge, the token is still trading 98% below its all-time high. This context is crucial for understanding the token's current performance. ## Uncertain Future for the Project Machi's offer has placed the Friend.Tech project in an unusual position. A nearly forgotten token has suddenly achieved millions in daily trading volume. However, the fact that the person proposing the revival previously lost millions on this token could be a concern for investors. Whether the offer will be accepted remains to be seen. ## Volatility and Risks in Crypto Markets The sudden surge in the FRIEND token highlights the extreme volatility of the crypto market. Investors should exercise caution with such large movements and thoroughly analyze project fundamentals. Whether Machi's offer will truly revive the project or if this is just a temporary spike will become clear with time. ## Sources covering this story - https://cryptopotato.com/friend-explodes-over-1600-after-machi-big-brother-proposes-1m-takeover/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._