Vitalik Buterin Comes out as Dogecoin (DOGE) Holder
Release: 2024/07/31 23:38 Reading: 499
An Unexpected Declaration at EDCON2024: Vitalik Buterin Reveals Dogecoin Holdings
At the recent EDCON2024 conference in Tokyo, attendees witnessed a surprising revelation from Ethereum founder Vitalik Buterin. Dressed in traditional Japanese attire and donning an equine headpiece, Buterin addressed the audience with a resounding declaration: "I'm a Dogecoin hodler."
Buterin's affinity for Dogecoin has been known for some time. As early as 2015, he expressed interest in the meme cryptocurrency. In 2016, he confirmed holding a significant amount of DOGE and expressed plans for further acquisitions.
Unveiling Buterin's Dogecoin Holdings
The extent of Buterin's Dogecoin holdings remains unclear. However, in a 2016 podcast interview, he disclosed that he had invested approximately $25,000 in DOGE due to its unique ethos and community spirit.
Given that the average Dogecoin price in 2016 was around $0.0002, Buterin's initial investment likely entitled him to approximately 125 million DOGE. As of today, this holding would be valued at a staggering $15.63 million.
Whether Buterin has maintained his Dogecoin holdings is unknown. Nevertheless, his declaration at EDCON2024 underscores the potential for long-term value appreciation for cryptocurrencies with strong fundamentals and cultural appeal, encompassing both established assets like Bitcoin and meme coins like Dogecoin.
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