Huang Licheng's acquisition offer drove FRIEND to surge nearly 30 times, suspected insider wallets profited $46,000

According to monitoring by Lookonchain, Huang Licheng (@machibigbrother) offered $1 million to acquire Friendtech after losing over $16 million on FRIEND, driving the price of FRIEND up nearly 30 times.

The suspected insider wallet 0x2078, after being silent for 6 months, bought 2 million FRIEND for 1.88 ETH ($4,700) and sold it after the surge for a profit of 18.37 ETH ($46,000), achieving a return rate of nearly 10 times.