Ethereum co-founder Vitalik Buterin recently disclosed that he is a Dogecoin investor. In fact, he made a small fortune thanks to the popular meme token.
Buterin shared that he bought $25,000 worth of Dogecoin in 2016. Eventually, he sold his DOGE stash for a whopping $4.3 million late in 2020. This means that Buterin’s investment grew by over 8,000% before he cashed out.
Buterin shared his DOGE experience when he appeared on the Lex Friedman podcast recently. He started off by recounting the history of Dogecoin, how when it was created in 2014 no one took the meme token seriously. Buterin went on to say he even had no good reason to justify spending $25,000 on the token at the time. Vitalik Buterin said,