Machi lost $16M on $FRIEND then bid $1M for Friendtech, pumping the token 30x while wallet 0x2078 booked $46K profit.

Machi spent 5.2K ETH for 11M FRIEND now worth $500K and offered $1M to buy Friendtech, with on-chain transfer to 0x3205 wallet five days ago.

According to @ThinkingUSD, Kaito is fundamentally worthless, not novel versus friendtech, and effectively BitClout v2, a view that positions the token as a high-risk trade for value-seekers (source: @ThinkingUSD on X, Jan 15, 2026). He warns that Kaito may squeeze a few more times and inflict pain on early shorts, signaling elevated near-term short squeeze risk and volatility for traders timing bearish positions (source: @ThinkingUSD on X, Jan 15, 2026). He also projects Kaito’s market cap to drop below $100 million within six months, indicating a bearish medium-term outlook despite potential short-term rallies (source: @ThinkingUSD on X, Jan 15, 2026).