Machi: $1M Bid to Relaunch Friendtech After $16M Loss

Machi spent ~5.2K $ETH ($16.7M) to acquire 11M $FRIEND tokens now valued at just $500K, marking losses exceeding $16M on the position. The trader submitted a $1M offer to purchase Friendtech and relaunch the platform, while on-chain records show the full 11M $FRIEND stack moved to wallet 0x3205 five days earlier. This sequence highlights sharp FRIEND price prediction shifts amid broader crypto market crash pressures and limited AI industry impact on social token mechanics.