Stupid coin: Did the domain Stupid.com sell for $1,000,000 dollars?

Fred Krueger is an investor and an internet personality with a passion for crypto and digital currencies such as Bitcoin.

His LinkedIn profile states that in 2009, he served as founder and chairman of “Minds and Machines,” which was a publicly traded company on the London stock exchange.

If that’s accurate, that’s Minds + Machines Group Limited (MMX) a now defunct company that focused on providing domain name services and operated as a registry for various top-level domains (TLDs). The company sold its assets to GoDaddy in 2021, exiting the business, all while Mr. Krueger had resigned his executive position in 2015.

In late January, Fred Krueger created a meme coin, named $Stupid, on the Solana blockchain. He demonstrated the process of creating a “shitcoin” in a series of short videos. The $Stupid coin gained traction, operating from the domain name StupidCoinSol.com.

That domain now forwards to Stupid.com, indicating that there is an arrangement of sorts between its owner and the $Stupid coin launch. It’s not clear whether Stupid.com was sold; a post by Fred Krueger about Stupid.com marks it as a “$1 million” dollar domain.

So did Stupid.com sell for $1,000,000 dollars?

Simply noting a domain’s value is not a clear statement of having actually purchased it. That being said, the $Stupid coin has gained traction since the domain name Stupid.com was introduced in a series of tweets.

Note: This content is for informational purposes only and does not constitute financial or investment advice. We do not endorse $Stupid or any other meme coin and you should exercise extreme caution when considering investments in highly speculative assets like meme coins, as they carry significant risk. Always conduct thorough research and consult with a qualified financial advisor before making any investment decisions, as losses can and often do occur in such ventures.

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