The crypto market is buzzing with excitement as $FRIEND, a newly launched token, experiences a staggering 70% surge in just two days since its inception. Early adopters and traders are seizing the opportunity to capitalize on the token’s rapid ascent, with notable figures making significant moves within the $FRIEND ecosystem.
$FRIEND surged by 70% in just 2 days since launch!
Trader 0xa26 seized the opportunity early, swapping 402 $ETH (~$1.23M) for 732,326 $FRIEND at ~$1.678 so far.
Now, the trader is the 2nd-largest individual holder of $FRIEND with a $653K unrealized profit (+53%)!
Will the… pic.twitter.com/AnOvXeBnmJ
— Spot On Chain (@spotonchain) May 5, 2024
Trader 0xa26 is one such individual who recognized the potential early on, swapping 402 ETH, equivalent to approximately $1.23 million, for a sizable 732,326 $FRIEND tokens at an average price of around $1.678.
As a result, the trader now holds the distinction of being the second-largest individual holder of $FRIEND, boasting an unrealized profit of $653,000, marking an impressive 53% increase.
Substantial Investment In $FRIEND By Machi Big Brother
Meanwhile, Machi Big Brother, identified as @machibigbrother, made a substantial investment in $FRIEND, spending 962 ETH, valued at $3 million, to acquire 1.39 million $FRIEND tokens at a price of $2.16 each.
In addition to this sizable purchase, Machi Big Brother also added liquidity to the $FRIEND market, injecting 1,005 ETH, equivalent to $3.13 million, and 1.44 million $FRIEND tokens, valued at $3.45 million.
Machi Big Brother(@machibigbrother) spent 962 $ETH($3M) to buy 1.39M $FRIEND at $2.16.
And added liquidity of 1,005 $ETH($3.13M) and 1.44M $FRIEND($3.45M).https://t.co/j5UByo2jpNhttps://t.co/MBuMJJq4fw pic.twitter.com/MTYUwEWozd
— Lookonchain (@lookonchain) May 6, 2024
These strategic moves by early adopters and influential figures highlight the growing interest and confidence in the $FRIEND token and its underlying ecosystem.
As the token continues to attract attention and gain momentum, traders and investors alike are closely monitoring its progress and potential for further growth.
With $FRIEND’s meteoric rise and the influx of liquidity into its market, the cryptocurrency community eagerly anticipates further developments and opportunities within the burgeoning $FRIEND ecosystem.
As the market evolves, savvy investors remain vigilant, seeking to capitalize on emerging trends and capitalize on the potential of innovative projects like $FRIEND.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: cozydigital/123RF // Image Effects by Colorcinch
