PANews
PANews|Aug 28, 2026 08:50
[Stanley Huang's Acquisition Offer Drives FRIEND to Surge Nearly 30x, Suspected Insider Wallet Profits $46,000] According to monitoring by Lookonchain, Stanley Huang (@machibigbrother) suffered losses of over $16 million on FRIEND and subsequently offered $1 million to acquire Friendtech, driving FRIEND to surge nearly 30x. A suspected insider wallet, 0x2078, which had been dormant for six months, purchased 2 million FRIEND tokens for 1.88 ETH ($4,700). After the surge, the wallet sold the tokens, profiting 18.37 ETH ($46,000), with a return rate of nearly 10x.
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