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<p class="is-style-lead">Ben Armstrong, the YouTube influencer also known as BitBoy, has sold his BEN tokens for 43 ethereum (ETH) less than a week after telling followers that he was committed to holding them for six months to make critics &#8220;dumb again&#8221;.</p>



<h2 class="wp-block-heading" id="bitboy-dumps-ben">BitBoy dumps BEN</h2>



<p>On-chain data from May 17 <a href="https://etherscan.io/token/0x9bf1d7d63dd7a4ce167cf4866388226eeefa702e" target="_blank" rel="noreferrer noopener">shows</a> that the influencer, who rose to fame on YouTube, where he has over 1 million followers, offloaded all his BEN holdings in a series of transfers on May 17. </p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Bitboy sold all of his <a href="https://twitter.com/search?q=%24BEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BEN</a> tokens that he committed to not selling them for 6 months❗️<br><br>Bitboy&#39;s address which he doxxed it by himself:<br>0xf89e0b9fb3F419d5982386B5923e2F7C2e73f3a2 <a href="https://t.co/GVvrAeVnJ5" target="_blank">https://t.co/GVvrAeVnJ5</a> <a href="https://t.co/OcoKQaKKzH" target="_blank">pic.twitter.com/OcoKQaKKzH</a></p>&mdash; Amir Ormu 🛸🏰🫐 (@AmirOrmu) <a href="https://twitter.com/AmirOrmu/status/1658843088142344194?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 17, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>He earned roughly 43 <a href="https://crypto.news/price/ethereum/">ETH</a> from his transactions, worth roughly $78,000 at current rates.</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">I committed to not selling any <a href="https://twitter.com/search?q=%24BEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BEN</a> coins for 6 months. I’m still intentionally not locking those coins.<br><br>Why?<br><br>To piss off the haters who say I’m a grifter, scammer, dishonest &amp; a P&amp;D’er<br><br>Going to make them look dumb again<br><br>ETH Address: 0xf89e0b9fb3F419d5982386B5923e2F7C2e73f3a2</p>&mdash; Ben Armstrong (@Bitboy_Crypto) <a href="https://twitter.com/Bitboy_Crypto/status/1656342800206528516?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 10, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Presently, BEN is held by 16,379 users. The token&nbsp;<a href="https://etherscan.io/dex/uniswapv3/0xdce93ed9ae7c53143e19cf799d156b72d1cc2777" target="_blank" rel="noreferrer noopener">price</a>&nbsp;is also up roughly one percent on the last day.&nbsp;</p>



<p>With the number of holders increasing, transfers have risen to 103,725, pushing the total market cap to $34,886,097, according to CoinMarketCap&nbsp;<a target="_blank" href="https://coinmarketcap.com/currencies/ben/" rel="noreferrer noopener">data</a>.</p>



<p>Despite BitBoy&#8217;s decision to sell, the token is higher versus ethereum (<a href="https://crypto.news/price/ethereum/">ETH</a>) and bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) on the last trading day. </p>



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<p>However, there is a considerable drop in trading volumes. CoinMarketCap data&nbsp;<a target="_blank" href="https://coinmarketcap.com/currencies/ben/historical-data/" rel="noreferrer noopener">shows</a>&nbsp;that average trading volumes have more than halved from $16,281,055 on May 14 to $6,164,390 on May 16. This represents a considerable drop from $93,686,642 recorded on May 9.</p>



<p>Considering the token launched on the Ethereum blockchain, BEN&#8217;s trading volumes are high in Uniswap v3, a decentralized exchange. However, some centralized exchanges, including MEXC and LBANK, have also listed BEN, where it is paired with USDT, the world&#8217;s largest stablecoin.</p>



<h2 class="wp-block-heading" id="another-meme-token">Another meme token</h2>



<p>On May 8, BitBoy clarified that he didn&#8217;t create BEN but owns the token. Instead, it was created &#8220;on behalf of a group he was in called Ben DAO that&#8217;s made up of all Bens&#8221;.&nbsp;</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Well I guess Jeff knows now. <br><br>Full disclosure I did not create this coin, it was created on behalf of a group I’m in called Ben DAO made up of all Bens, and I do own this coin in my portfolio. <br><br>This was just supposed to be a fun thing. Are we having fun yet? <a href="https://t.co/4TKzOTxm9F" target="_blank">https://t.co/4TKzOTxm9F</a></p>&mdash; Ben Armstrong (@Bitboy_Crypto) <a href="https://twitter.com/Bitboy_Crypto/status/1655565972030345218?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 8, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Nonetheless, BEN remains a token associated with BitBoy&#8217;s decentralized autonomous organization (DAO) that people can invest in.</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Guys <a href="https://twitter.com/search?q=%24BEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BEN</a> is live. People all want to invest in themselves and now Bens can do that.<br><br>The facts:<br>&#8211; The coin has my name<br>&#8211; We have a Ben DAO on telegram<br>&#8211; Bens are better than Jeffs so we should easily take over JeffCoin as the number one name on the blockchain</p>&mdash; Ben Armstrong (@Bitboy_Crypto) <a href="https://twitter.com/Bitboy_Crypto/status/1655489229282066439?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 8, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>BEN has no utility, aside from whatever any other meme token does for its holder. </p>



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<iframe loading="lazy" title="NEW PEPE MEME COIN 💥 Launching on BRC20 Bitcoin Ordinals!!!" width="1020" height="574" src="https://www.youtube.com/embed/-_tMrF4NIHg?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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<p>The token joins a long list of meme coins similar to pepe coin (PEPE) that the communities of token holders believe will rise. </p>



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BitBoy unexpectedly dumps BEN meme token stash for $78k

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