Dogecoin Co-Creator Billy Markus Holds Just $42K in DOGE

Billy Markus, co-creator of the unique meme coin Dogecoin, took to Twitter to once more remind his followers that he doesn’t communicate on behalf of Dogecoin.

He additionally revealed his exact Dogecoin holdings: 220,000 DOGE, roughly $41,800 at present costs.

In a thread posted on Sunday, Markus, who goes by Shibetoshi Nakamoto on Twitter, reiterated that he’s now not engaged on the Dogecoin venture.

“I am not on the project,” Markus wrote. “I am a community member. I hold about 220k Doge.”

Markus went on to say that he won’t ever return to coding his creation. “Working on a crypto project is terrible,” he wrote, “as I have actually found the more you do for people, the more entitled they get and worse they treat you.”

Despite his frustrations, Markus says he respects the builders who’ve volunteered to proceed with the Dogecoin venture.

“I will defend those who I feel are actively making the space better,” he mentioned. “I will discourage those who I feel aren’t.”

Launched in 2013 by Billy Markus and Jackson Palmer as a joke, Dogecoin, and its smiling Shiba Inu have develop into a extremely popular digital asset due to a thriving neighborhood that features Elon Musk as its chief supporter. Musk has repeatedly shilled DOGE this yr, typically demonstrably swaying value. After his firm Tesla reversed course on accepting Bitcoin funds on account of environmental considerations, Musk embraced Dogecoin much more aggressively. He has additionally labored with Dogecoin devs from afar, and simply final week tweeted at Markus that he’s “pro Doge.”

Ironically, Shiba Inu (SHIB), created as a parody of DOGE, has outperformed DOGE in 2021, up 42,000% vs DOGE’s value rise of three,000%.

Still, SHIB is value only a fraction of a penny, whereas DOGE is value 20 cents and is the No. 12 cryptocurrency with a present market cap of $25.56 billion, based on CoinMarketCap.com.