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The founder of DOGE coin sold everything for $10K and quit.
50 Bitcoins, 440 LTC, 6 Million DOGE.
Today, his holdings would be worth around $4.5M.
This is the story of Billy Markus, popularly known as Shibetoshi Nakamoto.
Billy just wanted to make something funny, bot to change the financial world like Satoshi Nakamoto.
He had studied computer science and built his career writing code for tech companies.
In 2013, crypto was getting serious. Bitcoin was risinng, altcoins were popping up everywhere, but most of them felt overhyped.
Markus wanted to make something that mocked it.
At the same time, a guy named Jackson Palmer was joking on X about a coin based on the Doge meme.
Markus reached out to Palmer and they decided to turn the joke into a real cryptocurrency.
Markus handled the technical side. He forked Litecoin and that gave Dogecoin faster block times and lower fees.
Together, they launched Dogecoin in December 2013. No grand vision or whitepaper hype like that of BTC, just a fun meme.
The internet picked it up immediately. People sent small amounts to each other for jokes, posts, and good vibes.
Withina timespan of two weeks, it had a market cap of $8 million.
It became one of the most active communities in crypto. At one point, Dogecoin handled more daily transactions than Bitcoin.
Then in 2015 Billy lost his job. Got harassed online. Received death threats over a joke coin. So he sold everything. His BTC, LTC and DOGE.
Markus says he was uncomfortable with the direction crypto was taking.
There was too much speculation and greed which was too far from the joke it started as.
In the Dogecoin Subreddit, Markus says, "I'm no longer part of the Dogecoin project, I left around 2015, as the community started to strongly shift from one that I was comfortable with," he wrote.
Fast foward, in 2021, Elon Musk tweeted "Dogecoin is the people's crypto."
It's price pumped 50% in a single day.
DOGE hit an $88 billion market cap. Bigger than the entire Honda Company. ( He sold his stack and bought a Honda Civic)
That was a generational fumble.
His co- founder, Palmer also stepped away from Dogecoin in 2015 and made it clear he was done with crypto entirely.
Years later, the community kept the coin live and mainstream.
Today, DOGE is still among the top 10 cryptocurrencies, ranked at #9 with a 15.07B valuation.
This is crypto heritage.