Influencer Pauly0x Collects $1M ETH by Promising Nothing In Return
In a recent social experiment that rocked the cryptocurrency sector, crypto influencer Pauly0x collected over $1 million in Ethereum from followers after publicly requesting funds and promising nothing in return. He dubbed his Ethereum wallet, aptly named “yougetnothing.eth,” the venue for this unique experiment.
On May 30, Pauly0x shared his wallet address with a GIF from the iconic movie Charlie and the Chocolate Factory, featuring the phrase “You Get Nothing!” The account reportedly received approximately $80 worth of Ethereum within the first seven minutes, and the collection swelled to over $1 million within a day, thanks to a tweet that garnered 1.2 million views.
At the time of writing, the wallet balance was over 579 Ethereum (ETH). Intriguingly, several transactions repeated specific amounts, with ten addresses sending between 5 and 7 ETH, three sending 10 ETH, six transferring between 3 and 4 ETH, and 42 addresses transferring exactly 1 ETH.
Moreover, it was also noted that one of the addresses that sent 10 ETH was first activated just days before the social experiment, with its first transaction being a significant 544 ETH from the crypto lending exchange MEXC.
Reacting to this unusual event, Changpeng Zhao (CZ), the founder of Binance, expressed disbelief, joking that if he ever lost his job but maintained his credibility, he wouldn’t starve. Zhao wrote:
Zhao also suggested the possibility of this being a self-publicity stunt, questioning if Pauly0x might have sent the Ethereum to himself, although he admitted he hadn’t delved into the transaction details.
The motives behind the transactions remain speculative, with some suggesting that contributors were hoping for a return, while others speculated that it could be an effort to launder money or clean wallets for tax purposes. Amid the chaos, Pauly0x congratulated those who joined the “million dollar club,” reminding them they would “receive nothing,” and used the opportunity to criticize the cryptocurrency sector, calling it “an absolute joke.”
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