Top 5 Cryptos: Founders Missing, Imprisoned, Selling, Sued, No-Coiners

By admin On Sep 5, 2024

The crypto sector often mirrors the intrigue of a dramatic screenplay, especially when it comes to the founders of the top five cryptos, excluding stablecoins. Moreover, some crypto founders have a celebrity-like status as the community is closely invested in their personal lives.

‘The Solstice,’ a well-known crypto influencer, recently provided an amusing but poignant overview of these leaders.

Influencer Makes Sarcastic Remark on Crypto Market

Solstice started with Bitcoin, the first cryptocurrency. Its founder, Satoshi Nakamoto, went away from the public limelight after launching Bitcoin in 2009. Despite exhaustive efforts to uncover his identity, Nakamoto remains an enigma.

He left the Bitcoin project in 2011, entrusting its future to other developers. This deepened the mystery around his whereabouts and sparked endless speculation.

“The founder is missing,” Solstice remarked.

Next, Ethereum’s creator, Vitalik Buterin, has been the subject of humorous gossip concerning his personal life. There are rumors that Buterin’s focus might be split following a new romantic relationship.

Furthermore, recent activities show Buterin transferring significant amounts of Ethereum, which has stirred unease within the crypto community. These actions coincide with dips in Ethereum’s market value, linking personal developments to financial outcomes.

“Ever since Vitalik got a girlfriend and ETH has been dumping,” Crypto investor Shah sarcastically said.

Vitalik Buterin With His Rumored Girlfriend. Source: X (Twitter)

Moving ahead, Changpeng Zhao, the founder of BNB, is currently serving a prison sentence. Starting June 1, he began a four-month term for facilitating money laundering through Binance. Despite stepping down as CEO, Zhao still reportedly holds about 64% of BNB’s circulating supply.

Additionally, Solana’s scenario involves Sam Bankman-Fried, who is also in prison. Once a prominent figure in promoting Solana through FTX and Alameda Research, his legal issues cast a shadow over Solana in 2022. However, Solana has managed a significant recovery, now trading around $130, reflecting regained investor trust.

Then, Solstice talked about the legal challenges around Ripple and XRP. Ripple Labs used to be frequently in the headlines due to its litigation with the US Securities and Exchange Commission. This legal back-and-forth primarily revolved around the classification of XRP as securities.

Status of Top Cryptos and Their Founders. Source: X (Twitter)

Transitioning to a lighter note, Solstice also touched on Dogecoin, describing its founder as a no-coiner. This remark highlights the irony of a crypto creator not holding their own coin. Initially crafted as a joke, Dogecoin has surprisingly captured huge attention and market value.

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