Benzinga - Billy Markus, the co-founder of popular meme-inspired cryptocurrency Dogecoin (CRYPTO: DOGE) said that he was an early investor in DOGE but sold all of his holdings in 2015 during the “dead days of crypto.”
What Happened: Markus, who goes by the pseudonym Shibetoshi Nakamoto on Twitter, in an interview with Benzinga earlier disclosed that he purchased Dogecoin on day one.
i got in on dogecoin day 1 and sold in 2015 during the dead days of cryptowe could start a sad boi rap group
— Shibetoshi Nakamoto (@BillyM2k) May 9, 2023
However, he sold all of his holdings after getting laid off from work. During the interview, he also mentioned that he sold his crypto for approximately the same price as a used Honda Civic cost at that time.
See More: Is Bitcoin a Good Investment?
Why It Matters: Markus had said that DOGE has historically been rooted as a tipping currency. "[DOGE was] used to raise money for impactful causes like building water wells in Africa," Markus said, adding that the very nature of DOGE is such that it lends itself particularly well to use by the community.
Price Action: At the time of writing, DOGE was trading at $0.072, down 2.92% in the last 24 hours, according to Benzinga Pro.
Read More: Bitcoin, Ethereum, Dogecoin Tumble Amid Binance Congestion Chaos: Analyst Bearish On ETH, Predicts Drop Below $1.7K
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.