Crypto Trader Loses $16 Million In FRIEND Token Bet

In a turbulent week for the cryptocurrency world, prominent trader and influencer Machi Big Brother suffered a massive blow. The collapse of Friend.Tech (FRIEND), a once-promising token, left him with a staggering $16 million loss. 

Machi Big Brother had invested heavily in FRIEND, pouring in 5,200 ETH, worth around $16.7 million, into the token. He acquired roughly 11.1 million FRIEND tokens, but as the project’s value crumbled, so did his investment. 

What was once a high-value stake turned into a mere $0.7 million, marking a dramatic $16 million drop in value.

In stark contrast, another trader on the TRON network managed to turn a modest $298 investment into an impressive $7 million, showcasing the wild swings in potential gains and losses.

Interestingly, this wasn’t Machi Big Brother’s first setback with Friend.Tech. He had been buying into the token since May and had already faced a $7.9 million loss from a $15.6 million investment by June. This recent collapse only added to his woes, underscoring the volatile and uncertain nature of cryptocurrency investments.