Machi Big Brother Suffers Major Loss on FRIEND Token Investment

According to Lookonchain, Machi Big Brother invested approximately 5,200 ETH, equivalent to $16.7 million, to purchase 11.1 million FRIEND tokens. The current value of these FRIEND tokens has plummeted to just $0.7 million, resulting in an estimated loss of around $16 million.
SourceLookonchain
@lookonchainLooking for smartmoney onchain