Friend token market cap temporarily breaks through $6 million, with an intraday gain of more than 17 times. Relevant holdings by Big Bro Maji are currently showing an unrealized profit of about $730,000. According to Odaily citing GMGN market data, when Huang Licheng’s stake in Friend.tech had a market value of less than $300,000, he previously submitted a $1 million acquisition offer to the founders Racer and Paradigm, and planned to restart the project by taking over the CTO through the community.

The acquisition proposal and the expected community takeover could act as a catalyst for the short-term price, but the asset’s liquidity is relatively thin, and the market cap and unrealized profit figures may change quickly. Be mindful of volatility risk.

For market observation only and does not constitute investment advice.

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