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In a surprising turn at EDCON2024, Ethereum co-founder Vitalik Buterin disclosed his significant Dogecoin (DOGE) holdings, adding a new layer to his crypto persona.
A Kimono and a Horse's Head
At the most recent EDCON2024 in Tokyo, something out of the ordinary happened.
Ethereum co-founder and major player Vitalik Buterin was the center of attention. When asked, "Who are you?" during his inaugural statement, Buterin said, "I'm a Dogecoin hodler," while dressed in a kimono and adorned with a horse's head.
Historical Enthusiasm for Dogecoin
People who have been following Buterin's progress for some time will already be aware of this. According to U.Today, it has been known since 2015 that Buterin is interested in DOGE.
Plus, he claimed in 2016 that he was planned to purchase additional Dogecoins and had not sold any of his existing holdings. In the year 2021, the creator of Ethereum was talking about the prospect of DOGE utilizing Ethereum's technology to transition to proof-of-stake consensus.
Speculated DOGE Wealth
We don't know much about Buterin's DOGE holdings. Nevertheless, in 2016, he mentioned on Lex Frodman's podcast that he had spent approximately $25,000 due to his admiration for the community and ethos. Dogecoin (DOGE) was worth about $0.0002 on average in 2016. This suggests that Buterin may have amassed 125,000,000 DOGE, or around $15.63,000,000 at the current exchange rate.
It remains to be seen whether Buterin retained his Dogecoin bags, but this incident serves as an example of how successful a strategy can be when paired with the appropriate cryptocurrency.
Whether it's Bitcoin or a meme coin like DOGE, its owners stand to gain in the long term if it's genuine, brings people together, and has the vibe of a cultural coin.
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