Machi Big Brother offers $1M to acquire and relaunch Friendtech on Base without a token sale; FRIEND token rallies 1500%.
Tech & Launches ·
Machi Big Brother has put forth a $1M offer to acquire and relaunch Friendtech on Base, a move the entity characterized as requiring no token sale. The proposal emerged publicly via social channels and coincided with a sharp rally in the FRIEND token, which surged over 1500% following the announcement.
The offer represents an attempt to revive Friendtech, a social finance protocol, by relocating it to Base—Coinbase's Ethereum Layer 2 network designed for low-cost, high-throughput applications. The stated condition that no token sale would accompany a relaunch suggests an acquisition-and-restart model rather than a capital raise tied to new token issuance.
Whether Friendtech's existing stakeholders or operators will accept the bid, and what the technical and governance terms of any such relaunch would entail, remain unclear. The FRIEND token's price movement reflects market sentiment around the proposal, but no formal agreement or timeline has been confirmed in the available material.