Machi Big Brother (@machibigbrother) has recently redirected his investment strategy, moving away from accumulating $FRIEND and focusing instead on purchasing $BLAST.

Since August 5, he has spent 1,464 ETH (approximately $3.86 million) to acquire 350 million $BLAST tokens, making him the largest individual holder of $BLAST.

Recent Investment Activity

Before today’s shift, Machi Big Brother had been steadily buying $BLAST since the market crash on August 5. Over the past two weeks, he invested a total of 1,379 ETH ($3.58 million) to purchase 330 million $BLAST, reclaiming his position at the top of the $BLAST holder list.

A Look at Machi’s $BLAST Investment History:

1. Initial Purchase: Between June 26 and July 19, Machi bought 250 million $BLAST for $6.03 million, with an average price of $0.024 per token.

2. Sell-Off: From July 20 to July 29, he sold 219 million $BLAST for $3.3 million, at an average price of $0.0151, incurring a loss of $1.95 million.

3. Reinvestment: Following the market downturn on August 5, Machi resumed buying $BLAST. So far, he has acquired 330 million $BLAST for $3.58 million, with an average price of $0.0108 per token.

Impact on $FRIEND

The $FRIEND token, which had surged over 190% in the past week, quickly responded to Machi’s on-chain activity. The price plummeted from $0.4 to $0.16, according to CoinMarketCap data. However, the trading price stabilized soon after, returning to its initial daily high.

Machi Big Brother’s strategic shift from $FRIEND to $BLAST highlights the volatility and rapid changes within the cryptocurrency market, as significant moves by prominent investors can cause swift market reactions.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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