Billy Markus, the Founder of Dogecoin, Sold All His BabyNeiro Tokens in Exchange for BNB

Markus, who famously sold all his Dogecoins to buy a car for $10,000 in 2015, which is now worth over $90m, remains a frequent trader or recipient of tokens.

Billy Markus, co-creator of Dogecoin ($DOGE), has sold all his BabyNeiro tokens in exchange for BNB tokens.

Markus, who is also known as Shibetoshi Nakamoto, sold all his Dogecoins in 2015 for $10,000 to buy a car, which is now valued at over $90 million. He frequently receives cryptocurrencies as tips in multiple wallets.

According to Lookonchain, Markus sold BabyNeiro tokens, which aren’t very popular, for 12.2 BNB tokens, valued at $7,243.

The sold tokens were received for free via airdrop. Markus’ activities in the market have served as an indicator for the rest of the community in the past.

His decision to sell his Dogecoins for $10,000 in 2015 was widely debated, and his sale became a meme. If he had kept his investment, it would now be worth more than $9 million.

Markus has now decided to sell his crypto earnings once again for BNB tokens, as the token's performance on the chart appears to be mixed.

BNB Price Analysis

Binance Coin (BNB) is valued at $596.77 and has decreased by about 0.12% in the last 24 hours. The cryptocurrency has recently declined and stabilized between $600 and $700.

BNB trades at a market cap of $86.92 billion -0.30% from the same time today. The daily trading volume has decreased significantly by 7.40% to reach a value of $1.45 billion in the last 24 hours, with an average volume-to-market cap ratio of 1.67%.

However, not a single day passes by without setting new records. BNB still leads the overall crypto market and ranks fourth in market capitalization among all cryptocurrencies in existence.

The fundamentals of this token are still strong, with a circulating supply of 145.66 million BNB tokens. This is its total supply, indicating no supply inflation pressure on the asset.

Zooming in on the technical aspect, a bullish pennant is observed in the structure of BNB, which is a continuation pattern with a bullish breakout after a series of bullish trends. The price ranges between $590 and $600.

However, a breakout above the upper trendline of the pennant would indicate that the bullish move will continue and might reach subsequent resistances, which could be around $610 or higher.

The MACD signal at the bottom shows that the blue MACD line is slightly above the orange MACD signal line, indicating a bullish signal.

The histogram is slightly above zero, which indicates that while the bullish signal is relatively weak, it has the potential to gain strength if a breakout occurs. Another crossover, where the MACD line is again more distant from the MACD signal line, may also confirm a ‘buy’ signal.

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