How Dogecoin’s Founder Cashed In Big Without DOGE

According to blockchain data, Billy Markus, also known as Shibetoshi Nakamoto, co-founder of Dogecoin, has profited substantially from various memecoins this year.

In 2015, Markus sold his DOGE holdings for $10,000 to purchase a car. As of today, those coins would be worth an astounding $9 million, and at Dogecoin's all-time high, their value could have reached $45 million. Despite selling his Dogecoin early, Markus has discovered an alternative way to generate significant income.

Recently, Markus has created numerous new crypto wallets and promoted them on social media, encouraging memecoin creators to send tokens to these addresses. In return for exposure, memecoin developers have sent tokens to these addresses, hoping to gain recognition.

Profiting Without Investment

On-chain data indicates that Markus has earned $780,000 this year without any investment, solely through memecoin creators sending him tokens. Reports suggest that Markus has sold these tokens shortly after receiving them, converting them into profits.

Just three days ago, Markus made $7,243 by selling Baby Neiro memecoins, which were equivalent to 12.2 BNB, a sum he promptly liquidated.

For the latest crypto news and insights, stay tuned to Turkish NY Radio.