Should i rekindle this friendship?

[dana]

A friend of 8 years is a long time and very valuable (in my opinion).
You could at least try to rekindle the friendship, but he does sound like a misunderstanding person. He sounds like he came up with assumptions, which is not good.
Try explaining things to him if you can and want. Things will possibly turn out better for the both you. But do what you think might be right.