{"id":128128,"date":"2021-06-09T04:30:41","date_gmt":"2021-06-09T04:30:41","guid":{"rendered":"https:\/\/precoinnews.com\/?p=128128"},"modified":"2021-06-09T04:30:41","modified_gmt":"2021-06-09T04:30:41","slug":"vitalik-buterin-has-made-4-3m-from-his-25k-investment-in-dogecoin-so-far","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/vitalik-buterin-has-made-4-3m-from-his-25k-investment-in-dogecoin-so-far\/","title":{"rendered":"Vitalik Buterin has made $4.3M from his $25K investment in Dogecoin \u2026 so far"},"content":{"rendered":"<p>In his recent appearance on the Lex Fridman podcast, Ethereum co-creator, Vitalik Buterin, revealed he profited more than $4 million from a $25,000 investment that he made into Dogecoin during 2016.<\/p>\n<p>But true to form, he gave it all away to charity.<\/p>\n<p>Dogecoin was created in December 2013 and sought to capitalize on the popularity of the then-popular Shiba Inu-inspired doge meme, with Vitalik describing DOGE as among the first \u201cfun coins\u201d launched into the burgeoning crypto asset ecosystem.<\/p>\n<p>Although he was impressed by the community that had formed around DOGE, Vitalik joked about the lack of investment thesis informing his decision, stating:<\/p>\n<blockquote><p>\u201cAt the beginning, people didn\u2019t take it very seriously [&#8230;] I just remembered thinking to myself, how am I going to explain to my mum that I just invested $25,000 into Dogecoin [\u2026] like the only interesting thing about this coin is a logo of a dog somewhere. But of course, that was one of the best investments I have ever made.\u201d<\/p><\/blockquote>\n<p>Although Buterin stated that DOGE \u201cdid really well\u201d over the following years, he recalled being caught off-guard by the speculative frenzy that resulted from Elon Musk\u2019s fascination with the meme-coin.<\/p>\n<p>Musk\u2019s interest in DOGE appeared to stem after a 2019 community vote that revealed the SpaceX founder to be the project\u2019s most-desired hypothetical CEO in 2019 \u2014 four years after Dogecoin\u2019s founder had abandoned the project.<\/p>\n<p>\u201cAt the end of 2020, Elon Musk started talking about Dogecoin, and the market cap just shot up to $50 billion [&#8230;] It shot up multiple times,\u201d said Buterin.<\/p>\n<p>He recounted being in lockdown in Singapore when the price of DOGE shot up 775% from $0.008 to $0.07 over the course of a single day, thinking: \u201cOh my god, my DOGE is worth, like, a lot!\u201d<\/p>\n<blockquote><p>\u201cI immediately called up some of my friends and told them to drop everything and scramble, and I sold half of the DOGE and I got $4.3 million, donated the profits to GiveDirectly, and a few hours after I did this the price dropped back from around $0.07 to $0.04.\u201d<\/p><\/blockquote>\n<p>After selling half of his DOGE at the local top, Vitalik says he felt like \u201can amazing trader,\u201d until, \u201cof course, the price went back up from $0.04, then to $0.07, then to $0.50.\u201d<\/p>\n<p>Assuming that Buterin held on to the remaining 50% of this DOGE stash, Ethereum\u2019s co-creator would currently be hodling nearly $20 million worth of the dog token.<\/p>\n<p>Despite backing the project relatively early into its development, Buterin emphasized he did not anticipate that Dogecoin would capture the mainstream imagination and re-emerge as a leading crypto asset by capitalization:<\/p>\n<blockquote><p>\u201cDOGE becoming this big phenomenon, where there\u2019s even a lot of people that have heard of DOGE that have not heard of Ethereum, is something that even I was not predicting.\u201d<\/p><\/blockquote>\n<p>Source: <a href=\"https:\/\/cointelegraph.com\/news\/vitalik-buterin-has-made-4-3m-from-his-25k-investment-in-dogecoin-so-far\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In his recent appearance on the Lex<\/p>\n","protected":false},"author":3,"featured_media":128127,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vitalik Buterin has made $4.3M from his $25K investment in Dogecoin \u2026 so far - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/vitalik-buterin-has-made-4-3m-from-his-25k-investment-in-dogecoin-so-far\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vitalik Buterin has made $4.3M from his $25K investment in Dogecoin \u2026 so far - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"In his recent appearance on the Lex\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/vitalik-buterin-has-made-4-3m-from-his-25k-investment-in-dogecoin-so-far\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-09T04:30:41+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/06\/Vitalik-Buterin-has-made-4.3M-from-his-25K-investment-in-Dogecoin-\u2026-so-far.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/vitalik-buterin-has-made-4-3m-from-his-25k-investment-in-dogecoin-so-far\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/vitalik-buterin-has-made-4-3m-from-his-25k-investment-in-dogecoin-so-far\/\",\"name\":\"Vitalik Buterin has made $4.3M from his $25K investment in Dogecoin \u2026 so far - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-06-09T04:30:41+00:00\",\"dateModified\":\"2021-06-09T04:30:41+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/crypto\/vitalik-buterin-has-made-4-3m-from-his-25k-investment-in-dogecoin-so-far\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/crypto\/vitalik-buterin-has-made-4-3m-from-his-25k-investment-in-dogecoin-so-far\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/vitalik-buterin-has-made-4-3m-from-his-25k-investment-in-dogecoin-so-far\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto\",\"item\":\"https:\/\/precoinnews.com\/category\/crypto\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Vitalik Buterin has made $4.3M from his $25K investment in Dogecoin \u2026 so far\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Vitalik Buterin has made $4.3M from his $25K investment in Dogecoin \u2026 so far - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/crypto\/vitalik-buterin-has-made-4-3m-from-his-25k-investment-in-dogecoin-so-far\/","og_locale":"en_US","og_type":"article","og_title":"Vitalik Buterin has made $4.3M from his $25K investment in Dogecoin \u2026 so far - Pre Coin News","og_description":"In his recent appearance on the Lex","og_url":"https:\/\/precoinnews.com\/crypto\/vitalik-buterin-has-made-4-3m-from-his-25k-investment-in-dogecoin-so-far\/","og_site_name":"Pre Coin News","article_published_time":"2021-06-09T04:30:41+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/06\/Vitalik-Buterin-has-made-4.3M-from-his-25K-investment-in-Dogecoin-\u2026-so-far.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/crypto\/vitalik-buterin-has-made-4-3m-from-his-25k-investment-in-dogecoin-so-far\/","url":"https:\/\/precoinnews.com\/crypto\/vitalik-buterin-has-made-4-3m-from-his-25k-investment-in-dogecoin-so-far\/","name":"Vitalik Buterin has made $4.3M from his $25K investment in Dogecoin \u2026 so far - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-06-09T04:30:41+00:00","dateModified":"2021-06-09T04:30:41+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/crypto\/vitalik-buterin-has-made-4-3m-from-his-25k-investment-in-dogecoin-so-far\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/crypto\/vitalik-buterin-has-made-4-3m-from-his-25k-investment-in-dogecoin-so-far\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/crypto\/vitalik-buterin-has-made-4-3m-from-his-25k-investment-in-dogecoin-so-far\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Crypto","item":"https:\/\/precoinnews.com\/category\/crypto\/"},{"@type":"ListItem","position":3,"name":"Vitalik Buterin has made $4.3M from his $25K investment in Dogecoin \u2026 so far"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/128128"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=128128"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/128128\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/128127"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=128128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=128128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=128128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}