A senior manager at London-based banking giant Goldman Sachs has reportedly left the company after making a fortune using the meme-based cryptocurrency Dogecoin (DOGE).
Aziz McMahon, former managing director and head of emerging markets sales at Goldman Sachs, had quit the investment bank allegedly after making huge profits on his DOGE holdings, The Guardian reported Tuesday.
Although reports did not specify exactly how much money McMahon had made from its Dogecoin holdings, sources claimed it was a sizeable amount and indicated that DOGE saw over 1,000% growth in value that year.
According to sources, the finance veteran invested in crypto through a personal account and was not involved in cryptocurrency trading for Goldman Sachs.
McMahon did not immediately respond to Cointelegraph’s request for comment.
Dogecoin has repeatedly posted major milestones recently, outperforming the largest cryptocurrency Bitcoin (BTC) in terms of the number of associated internet searches. Since the beginning of 2021, Dogecoin has emerged as the fastest growing digital currency. Since the start of the year, Dogecoin has seen growth of up to 13,500%, rising from just $ 0.005 to an all-time high of $ 0.68 on May 7, according to CoinMarketCap.
Dogecoin price chart since the beginning of the year. Source: CoinMarketCap
Dogecoin was founded in 2013 by the IBM software engineer Billy Markus and the Adobe engineer Jackson Palmer and is a cryptocurrency based on the popular meme “Doge” with a Shiba Inu and created as a joke.
Another dog-based cryptocurrency has seen a massive surge in recent times. After Dogecoin mimicked Shiba Inu (SHIB) hit new all-time highs yesterday, it was down 13% at the time of writing, trading at $ 0.000028.
