The post DOYR Token Developer Linked to Profitable MEME Coin Issuance appeared on BitcoinEthereumNews.com. Key Points: The DOYR token’s developer gained $1.2 millionThe post DOYR Token Developer Linked to Profitable MEME Coin Issuance appeared on BitcoinEthereumNews.com. Key Points: The DOYR token’s developer gained $1.2 million

DOYR Token Developer Linked to Profitable MEME Coin Issuance

Key Points:
  • 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: CoinMarketCap

The 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.

Source: https://coincu.com/altcoin/doyr-token-developer-meme-coin-profits/

Market Opportunity
DOYR Logo
DOYR Price(DOYR)
$0.002602
$0.002602$0.002602
-7.00%
USD
DOYR (DOYR) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

First family moves on from Wall Street as Eric Trump backs crypto

First family moves on from Wall Street as Eric Trump backs crypto

Eric Trump says crypto could actually save the U.S. dollar. Not kill it. Not weaken it. On Tuesday, just hours after ringing the Nasdaq opening bell for American Bitcoin’s public debut, a company where he’s got over $500 million stashed, Eric told the Financial Times that crypto is “arguably” the reason the dollar might stay alive. “Mining bitcoin here, and being financially independent and running a kind of financial revolution out of the United States of America…I think it arguably saves the US dollar,” he said. The timing wasn’t random. Eric’s comments came while the dollar was getting dragged. This year, it’s been tanking… fast. The cause? President Donald Trump’s trade war and his endless public jabs at the Federal Reserve, which just slashed interest rates again. The Fed cut rates yesterday, for the first time this year, right after Donald’s latest round of pressure. It’s not helping. Investors are losing confidence in what’s supposed to be the safest currency on Earth. Eric says crypto is fun, family is done with Wall Street Eric isn’t just pushing crypto from the sidelines. His family has gone full throttle into the space. We’re talking a Truth Social Bitcoin ETF, a Bitcoin treasury tied to Trump Media, and two meme coins; $MELANIA and $TRUMP. Eric defended both coins, saying they were meant to be “fun,” and explained why people are buying in: “They want to bet on a coin, or they want to bet on a player. They want to bet on a celebrity, or they want to bet on a famous brand. Or they just love somebody to death, and they want to buy, you know, a kind of small piece of them, via digital currency.” And Eric doesn’t give Wall Street any credit. At all. He made it clear that everything they’ve built was done without the help of big-name banks. “It’s almost like the ultimate revenge against the big banks and modern finance,” he said. That jab came after the Trump Organization filed a lawsuit against Capital One, accusing the bank of closing their accounts in 2021 for political reasons — something the bank denies. But Eric wasn’t done. “You realise you just don’t need them. And frankly, you don’t miss them.” He added that he wasn’t just referring to Capital One, but “all” of Wall Street’s major lenders and their “top people.” Stablecoins, trillions, and the White House betting on crypto Stablecoins have traditional banks spooked. They think cash might flow out of the banking system if coins like Tether or Circle offer better returns. And that fear isn’t fake. It’s growing, especially after Congress passed the first major crypto law in July. Now the White House wants stablecoin issuers to buy up a fat slice of the Treasury’s debt. Why? Because these crypto firms make money on the interest from the bonds they hold. Last year, Eric co-founded World Liberty Financial Inc. (WLFI), a crypto company that runs a stablecoin called USD1, pegged to the U.S. dollar. That project has serious family backing. Donald held 15.75 billion WLFI tokens at the end of 2024, based on official filings. At Wednesday’s trading price, that holding was worth over $3 billion. When asked about the family’s financial gain from crypto, Eric downplayed it. “If my father cared about monetising his life, the last thing he would have done is run for president, where all we’ve done is un-monetise our life.” Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Share
Coinstats2025/09/18 20:41
SEC Staff Clarifies Custody Rules for Tokenized Stocks and Bonds

SEC Staff Clarifies Custody Rules for Tokenized Stocks and Bonds

The post SEC Staff Clarifies Custody Rules for Tokenized Stocks and Bonds appeared on BitcoinEthereumNews.com. The US Securities and Exchange Commission’s Trading
Share
BitcoinEthereumNews2025/12/19 08:51
US Lawmakers May Limit De Minimis Tax Exemptions to Stablecoins, Excluding Bitcoin

US Lawmakers May Limit De Minimis Tax Exemptions to Stablecoins, Excluding Bitcoin

The post US Lawmakers May Limit De Minimis Tax Exemptions to Stablecoins, Excluding Bitcoin appeared on BitcoinEthereumNews.com. US lawmakers are considering de
Share
BitcoinEthereumNews2025/12/19 09:28