Ben Armstrong became the owner of about 1 trillion BEN fan tokens.
Commenting on what happened, the youtuber explained: he is not the creator of the BEN tokens and simply owns some of the asset released on behalf of a group called BenDAO.
It is believed that the BenDAO community decided to release personalized fan tokens in an attempt to capitalize on the mood of the public excited by the excitement surrounding the PEPE memetoken.
Armstrong told subscribers to his BitBoy Crypto channel that he intends to hold BEN tokens for six months to make critics of his position and opinions “look like complete idiots.”
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However, Armstrong did not fulfill his promise and sold all of the BEN tokens he owned for 43 ether (approximately $78 000), less than a week after his announcement;
Bitboy Crypto recently expressed skepticism about all meme-coins, saying that sooner or later they would collapse to zero. He also said that Dogecoin will not suffer a similar fate