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.
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.
