• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Ethereum Founder Vitalik Buterin Has Made $4.3M From His $25K Investment In Dogecoin So Far


June 14, 2021 · By Muhammad Awwal
Dogecoin (DOGE)


Vitalik Buterin has recounted how he turned $25,000 into $4.3 million in three years by investing in DOGE in his recent appearance on the Lex Fridman Podcast.

Ethereum co-founder Vitalik Buterin revealed he profited more than $4 million from a $25,000 investment that he made into Dogecoin (DOGE) during 2016 but he gave it all away to charity.

Originally created as a joke in December 2013, Dogecoin has risen 130-fold this year, peak market capitalization at $80 billion worth more than the GDP of 120 different countries with many of the recent price pumps attributed to Tesla and SpaceX CEO, Elon Musk series of cheerleading tweets.

“At the beginning, people didn’t take it very seriously […] I just remembered thinking to myself, ‘how am I going to explain to my mum that I just invested $25,000 into Dogecoin?’ […] 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.”
Although Buterin stated that DOGE “did really well” over the following years, he recalled being caught off-guard by the speculative frenzy that resulted from Elon Musk’s fascination with the meme-coin.

“At the end of 2020, Elon Musk started talking about Dogecoin, and the market cap just shot up to $50 billion […] It shot up multiple times,” said Buterin.

“I 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.”

Buterin described DOGE as among the first “fun coins” launched into the burgeoning crypto asset ecosystem.

Primary Sidebar

LATEST NEWS

Markets Shrug Off War Fears: Why Ran Neuner Is Going Risk-On

June 16, 2025

Vietnam’s Trailblazing Leap into Digital Innovation: The Groundbreaking Law on Digital Technology Industry

June 15, 2025

Bitcoin Faces Quantum Countdown: Can It Evolve Before It’s Too Late?

June 15, 2025

Crypto Guru Anthony Pompliano to Lead New Bitcoin Endeavor Worth $750M, Report Reveals

June 14, 2025

SharpLink Gaming Shakes Up the Market with a Monumental $463M Ethereum Purchase

June 13, 2025

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • Bitcoin Mining Under Pressure: Soaring Hashrates, Rising Costs, and Escalating Competition June 16, 2025
  • Markets Shrug Off War Fears: Why Ran Neuner Is Going Risk-On June 16, 2025
  • Vietnam’s Trailblazing Leap into Digital Innovation: The Groundbreaking Law on Digital Technology Industry June 15, 2025

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Decentraland (MANA) Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) FTX Token (FTT) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) Terra Classic (LUNC) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) USD Coin (USDC) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2025 · Today in Crypto · Terms & Privacy · Log in