THE BLOCK: FriendTech's token value soared over 2,800% early Thursday after crypto trader Machi Big Brother offered $1 million to acquire the decentralized social media app and relaunch it through a community takeover. Lookonchain reported that Machi was sitting on over $16 million in unrealized losses on base:0x0bd4887f7d41b35cd75dff9ffee2856106f86670, having previously spent roughly 5,200 ETH ($16.7 million) to buy 11 million tokens.(The Block)