The Fate of Dogecoin Creator’s Wealth When DOGE Lost Its All-Time High
Billy Markus, co-founder of Dogecoin, saw his net worth fall from $20 million to $1 million due to the meme coin’s decline from its all-time high in May 2021. Dogecoin’s popularity was largely attributed to support from Tesla CEO Elon Musk and other innovative companies. Markus’ net worth reportedly surged as DOGE hit its all-time high, but the subsequent fall in price caused his fortune to shrink. He sold some of his Ethereum at $1,190 per coin in mid-January to pay taxes. Markus, also known as Shibetoshi Nakamoto, has 2 million Twitter followers, while his co-founder Jackson Palmer has 44,200 subscribers and is less active on the platform. As of 2022, Palmer’s net worth could be between $5 million and $1 million.
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