- The DOYR token’s developer gained $1.2 million from MEME coins.
- Involved three addresses, impacting DOYR’s market cap.
- Profits exceeded $350,000 over 187 days.
According to GoPlus, the developer of the DOYR token issued nearly 10,000 MEME coins through associated addresses, profiting over $1.2 million, as reported on December 12th.
This event has impacted DOYR’s market standing, reducing its market cap from $30 million to $4 million, and sparked concerns over the MEME coin’s manufacturing practices.
Developer Profits $1.2 Million from MEME Coins
According to GoPlus, the developer of DOYR used three addresses to issue approximately 10,000 types of MEME coins, earning over $1.2 million in profits. The activity took place over a span of 187 days. The addresses also transferred funds to MEXC exchange, highlighting significant movement in the market.
The impact on DOYR was significant, with its market cap dropping from $30 million to $4 million. The issuance of over 6,000 types of MEME coins by two additional associated addresses resulted in combined profits of over $740,000. Market observers expressed concern over the volatility MEME coins introduce.
Despite the gains, there were no official statements or regulatory responses from figures like CZ (Chengdu’s CEO) or Binance’s representatives. However, Binance Square advised caution towards MEME coins, emphasizing:
DOYR Market Cap Plummets Amidst MEME Coin Surge
Did you know? The same address associated with DOYR tokens was responsible for issuing 3,333 types of MEME coins in under 200 days, highlighting the rapid expansion and influence these coins can have on the market.
Based on CoinMarketCap data, DOYR currently has a market cap of $4.19 million with a 24-hour trading volume of $6.92 million, showing a 67.19% decrease from the previous day. The current circulating and maximum supply remain at 1 billion tokens. Over the past 24 hours, the price has decreased significantly, marking an 11.55% drop.
DOYR(DOYR), daily chart, screenshot on CoinMarketCap at 00:01 UTC on December 13, 2025. Source: CoinMarketCapThe Coincu research team notes the challenges MEME coins pose to market stability and regulatory frameworks. With historical parallels to prior MEME coin surges, such events could prompt new regulations to protect investors while monitoring similar risky issuance practices. For example, China’s crackdown on virtual currencies aims to increase oversight and regulation.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/altcoin/doyr-token-developer-meme-coin-profits/
