Shortly after its launch, Machi Big Brother swapped 1,491 Ethereum (ETH), valued at approximately $4.65 million, for 198.4 million BLAST tokens at around $0.023 each. According to SpotOnChain, he is now the largest retail holder of BLAST.
Machi Big Brother Becomes Largest BLAST Holder After Major Swap
One such depositor was Machi Big Brother who connected 8,121 *ETH* and 5,620,000 USDC to the BLAST platform. In return, he was rewarded an airdrop of 2 million BLAST tokens which was equivalent to $55,400.
This is especially so given his past behavior regarding investment strategies. Before that, Machi Big Brother also invested a similar large-scale in the FRIEND token. On May 4, he used ETH of 17 million dollars to purchase FRIEND tokens. Unluckily, this investment has not been productive as required and has led to a loss of more than ten million dollars.
Machi Big Brother’s BLAST Confidence Despite Past Losses
Meanwhile, this is not the first time that Machi Big Brother has shown interest in optimistically in BLAST. The significant amount he has invested and his current status as the biggest retail investor gives him confidence in the token. It still remains to be seen whether BLAST will prove to be more effective than FRIEND.
This activity illustrates that trading cryptocurrency is very risky since you can gain or lose a lot of money in a short period. Investors such as Machi Big Brother are still making daring moves in the market, creating chances as well as risks for other players in the market.
