Machi Big Brother Makes Major Investment in BLAST, Becomes Largest Retail Holder!
Right after the launch, Machi Big Brother (machibigbrother) swapped 1,491 ETH, valued at approximately $4.65 million, for 198.4 million $BLAST tokens at around $0.023 each.
Addresses:
BLAST: 0x020cA66C30beC2c4Fe3861a94E4DB4A498A35872
FRIEND: 0xf0ea13334d6f74044ec7332de1c6ec194179df3d
As a major depositor, he bridged 8,121 ETH and 5.62 million USDC to BLAST and received an airdrop of 2 million BLAST tokens, worth approximately $55.4K. He is now allegedly the biggest retail holder of BLAST.
Previously, Machi Big Brother made a similar move with FRIEND. He spent $17 million worth of ETH to buy FRIEND after its launch on May 4 but is now facing a loss exceeding $10 million from the token.
Will Machi Big Brother Win This Time?
Machi Big Brother's significant investment in BLAST indicates his confidence in the token's potential. However, given his previous experience with FRIEND, the outcome remains uncertain. The success of this investment will depend on various factors, including market conditions, the development team's performance, and overall investor sentiment towards BLAST.
It's a high-risk, high-reward scenario—only time will tell if Machi Big Brother's strategy will pay off this time.