Shibetoshi Nakamoto, one of the Dogecoin founders, found a lucrative way to profit from memecoins by receiving them on his cryptocurrency wallets from other developers.
Earning Path from Memecoins
Shibetoshi Nakamoto, also known as Billy Markus, discovered a new income method by creating cryptocurrency wallets to collect donations from other memecoin founders. According to Onchain data, he earned $780,000 by selling received tokens.
Income from Baby Neiro Memecoin
In just the past three days, Markus received Baby Neiro tokens, earning him 12.2 BNB or $7,243. He sold these immediately after receiving them.
DOGE Sale History and New Endeavors
In 2015, Markus sold his DOGE for $10,000 to buy a car. Today, those coins would be worth $9 million. Despite this, Markus has found new revenue paths.
Initially selling his DOGE coins, Shibetoshi Nakamoto has found an alternative income stream through donations from memecoin developers.