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Nidhi Kolhapur
Nidhi Kolhapur
Author
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
- Oct 02, 2024 13:02 UTC
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Dogecoin Co-Creator Billy Markus Sold Entire Crypto Portfolio, Including 6M DOGE
Billy Markus, co-creator of Dogecoin, admits he's bad at buying tokens, revealing his last purchase was the Solana meme coin Moo Deng.
Markus confirmed he sold his entire crypto portfolio, including 50 BTC and 6 million DOGE, to cover living expenses.
Dogecoin saw a 72% surge in new addresses created last week, despite its price dropping by over 10% in the last 24 hours.
Billy Markus, widely known as Shibetoshi Nakamoto, one of the co-creators of Dogecoin (DOGE), has once again sparked conversation with his latest post on X (formerly Twitter), shedding light on his crypto holdings and past purchases.
Dogecoin Creator Speaks Out
One of the X users questioned Markus on what was the last time degen token he bought (except for mainstream elite tokens)and which are freshly launched digital assets, to which Marcus revealed that he bought Solana meme coin Moo Deng, but it “went way down after” and he also admitted that he is very bad at buying tokens and that his track record is awful.
When another user chimed in, suggesting he should have held onto $DOGGO, Markus replied that if he had done so, it would have likely crashed.
Why Billy Markus Sold His Entire Crypto Portfolio
Markus has previously shared that he sold all his crypto assets when he left his job, needing money to cover living expenses. In response to a question about whether he sold all his holdings, Markus confirmed that he had indeed sold everything, including 50 Bitcoin (BTC), 440 Litecoin (LTC), and a massive 6 million DOGE—all in a single transaction.
Back then, Markus mentioned that this portfolio was just enough to buy a Honda Civic. Today, however, those same assets would be worth an estimated $3.76 million.
Dogecoin’s Growth Spurt
Meanwhile, Dogecoin continues to surprise the crypto market with its rapid growth. Over the past week, the network has seen a 72% spike in activity, driven by the creation of 19,630 new DOGE addresses just yesterday alone.
This renewed interest in Dogecoin has caught the attention of both analysts and investors, signaling a possible resurgence in confidence. Despite this, DOGE is currently trading at $0.1053, down more than 10% over the last 24 hours.
The crypto market is unpredictable, and Dogecoin proves it once again—what’s your next play in this meme coin madness?
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