COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Crypto Community Raises $1.1M for Absolutely Nothing: A Curious Tale
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Altcoin News > Crypto Community Raises $1.1M for Absolutely Nothing: A Curious Tale
Altcoin NewsEthereum (ETH)

Crypto Community Raises $1.1M for Absolutely Nothing: A Curious Tale

In Brief

  • The cryptocurrency industry may be going through a rough patch, but there are numerous examples showing that this sector can be profitable in various ways. Among these stories is the tale of Ben.eth, who recently raised millions of dollars and launched three different cryptocurrencies. However, the story of a new user on the scene is […]
İlayda Peker
İlayda Peker 2 years ago
Share
SHARE

The cryptocurrency industry may be going through a rough patch, but there are numerous examples showing that this sector can be profitable in various ways. Among these stories is the tale of Ben.eth, who recently raised millions of dollars and launched three different cryptocurrencies. However, the story of a new user on the scene is even more intriguing. The founder of NotLarvaLabs, known as “Pauly”, managed to raise a fund of $1.1 million without promising anything in return. 

Contents
1.1 Million Dollars of Cryptocurrency for NothingBen.ETH Criticism Increases

1.1 Million Dollars of Cryptocurrency for Nothing

Raising $1.1M for Nothing The anonymous founder, known as “Pauly” on Twitter, actually stressed that he was “selling nothing”. Pauly emphasized that he couldn’t put it more clearly, yet people continued to send ETH to the “YouGetNothing.eth” address. 

Pauly might be conducting a social experiment. About 24 hours ago, he posted that people could send funds to this wallet address even though he was not offering anything in return. Pauly, who managed to raise over $1 million within a day, demonstrated the diverse community that the crypto industry has. 

aBut how did this happen exactly? Well, there were preceding events. An anonymous user known as Ben.eth, with the help of famous YouTuber Ben Armstrong, also known as BitBoy, raised funds on Twitter for three meme coins. Using this strategy, Ben.eth managed to raise $20 million in a single wallet, then launched his own tokens. BitBoy claimed these meme coins would have a use case. 

Ben.ETH Criticism Increases

Criticisms of Ben.ETH Increase The method was highly controversial, and many investors warned against sending tokens to the address in question. Famous blockchain analysts like ZachXBT reported that many people were sending funds from centralized exchanges and wouldn’t receive any tokens in an airdrop situation. Ben.eth was criticized and accused of being a scammer for retweeting a post about a phishing attack. After Ben.eth’s tweet, Pauly seriously caught the public eye. 

Pauly, declaring that the entire crypto industry was “a joke”, took such a step and raised $1 million. It remains unknown whether the anonymous figure will actually give something in return.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Solana Bounces Back: Unveiling Promising Altcoins and Future Prospects

JPMorgan Pushes Its Unique Crypto Network Forward

Crypto Markets Surge as Altcoins Eye Dramatic Upswing

Discover Enormous Potential in Cryptocurrency’s Next Big Wave

Ethereum’s Meteoric Rise Shifts Market Focus

İlayda Peker 31 May, 2023 - 6:17 pm 31 May, 2023 - 9:09 pm
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article Famed Venture Capitalist Arthur Cheong Forecasts Rising Crypto Sectors Amidst Market Lull
Next Article Terra Classic Introduces AI Application Chain, “Block Entropy” – The Future of AI in Blockchain?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

FalconX Teams Up with Standard Chartered to Enhance Crypto Services Worldwide
Cryptocurrency News
Cryptocurrency Strategies Captivate Enthusiasts with Bold Predictions
Technical Analysis
XRP Price Surges as New Opportunities Emerge
Technical Analysis
Solana Bounces Back: Unveiling Promising Altcoins and Future Prospects
Altcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?