Machi Big Brother Sent FRIEND Up 1,500%. Then Ditched $1M Deal

Crypto investor Machi Big Brother has pulled his $1 million bid for Friend.tech and named venture firm Paradigm as the likely obstacle. Instead, he urged co-founder Racer to relaunch the Web3 social app on Robinhood Chain. The reversal comes nine days after his original offer, sending FRIEND up more than 1,500%. FRIEND Token Price Chart. Source: CoinGecko Machi Big Brother Friend.tech Bid Collapses After 9 Days Machi Big Brother, whose real name is Jeffrey Huang, opened the bid on Aug. 27. Friend.tech launched on Base in 2023, allowing users to trade shares with each other. Paradigm led a seed round into the startup that same year. However, Huang offered no evidence and framed the claim as a guess. He also has a history here. He bought 11 million FRIEND for roughly 5,200 ETH, and the position later shed over $16 million. The original team gave up control of the smart contracts in September 2024. Therefore, it remains unclear what a buyer would own. The FRIEND token price now sits near $0.0069, up roughly 5% in the past 24 hours. Its market value of about $659,000 trails the $4.89 million peak from the August rally. Over 90 days, however, the token still holds a 382% gain. Robinhood Chain Emerges as Racers Next Option Huang closed his post with a pivot. He told Racer to rebuild the app on Robinhood Chain and promised his backing. Im guessing my offer is being blocked by Paradigm. I rescind my offer. Racer relaunch Friendtech on Robinhood chain, I will support. Robinhood Chain went live on July 1 as an Arbitrum-based layer-2 network. Since then, it has surpassed Ethereum in volume on decentralized exchanges and absorbed heavy meme-coin flows. Meanwhile, that mix worries some analysts. Jon Ma of Artemis warned that the meme coin boom risk could undercut Robinhoods tokenized-stock ambitions. FRIEND held its 24-hour gain despite the withdrawal. Racer had not responded publicly by Saturday afternoon, and his answer will decide whether Friend.tech returns.