According to on-chain data, Billy Markus, also known as Shibetoshi Nakamoto, one of the co-founders of Dogecoin, seems to have made a significant profit from various memecoins this year.
In 2015, Markus sold his DOGE holdings for $10,000 to buy a car. Today, those same coins would be worth a staggering $9 million, and at Dogecoin’s all-time high, they could have been valued at $45 million. Despite selling his Dogecoin early, Markus has found another way to generate significant income.
Recently, Markus began creating numerous new crypto wallets and posting them on his social media accounts, encouraging memecoin creators to send tokens to those addresses. As developers of new memecoins sought exposure, they sent tokens to these addresses, hoping to gain recognition.
$780,000 Earned Without Investing a Dime
On-chain data reveals that Markus has earned $780,000 this year alone, completely for free, thanks to the memecoin creators sending him tokens. Markus has reportedly 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 worth 12.2 BNB, a sum he also promptly liquidated.
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