DOGE Plunges 7% As Creator Reveals How Much He Holds In Dogecoin

Billy Markus, the creator of Dogecoin (DOGE), has made public his stake in this cryptocurrency. Markus answered questions and addressed concerns via his Twitter account, Shibetoshi Nakamoto.

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Jackson Palmer and Markus Palmer created DOGE in 2013, as an imitation of Bitcoin. Since its inception the cryptocurrency has gained popularity and hence increased its value from well below the $0.010 to an all-time high north of $0.70 providing many earlier supporters of this project, and those that hype in due to Elon Musk’s tweets, with massive gains.

DOGE’s surge in 2021, the attention it has received from retail investors, Musk and crypto personalities have made Markus’ twitter account one of the most recognizable and with the most followers. Co-inventor Shiba Inu’s cryptocurrency, Markus has to remind investors every now and again that Dogecoin is his own project.

Shibetoshi Nakamoto revealed his DOGE possession, much less than many assumed. claimedThese are the things:

Yet another reminder: I don’t speak for dogecoin. My role is not to support the project. I’m a member of the community. About 220k dogse. I will stand up for those I believe are making this space better. I will discourage those who I feel aren’t. I’ll talk about anything I like.

Markus lives up to the spirit of DOGE, he avoids “entitlement” and claims to be all about this crryptocurrency’s community supported by volunteers. Thus, Markus told his followers that he “will never” go back to coding DOGE, he has been very open on his stance about the crypto industry and related projects:

(…) working on a crypto project is terrible as I have actually found the more you do for people, the more entitled they get and worse they treat you. The developers are a great source of respect.

Doge Advances on the Back of Its Community

Dogecoin Foundation has brought the Dogecoin Project back to life on August 16Th2021 with Elon Musk and Vitalik Buterin (the inventor of Ethereum). The trailmap was published by this non-profit organisation for DOGE.

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Billy Musk is part of said foundation in the role of “community and memes” advisor alongside Jared Birchall, a representative for Elon Musk, Buterin, and Max Keller a Dogecoin core developer. The trailmap indicates that Dogecoin will receive many more implementations and use cases in the future.

Dogecoin Foundation

DOGE is correcting over the past 24 hours as market sentiment turns bearish, major cryptos bleed into critical support. Dogecoin has lost its place in the crypto top 10, based on market cap, but is still one of the twenty most valued projects in the space.

In the 4-hour chart, Dogecoin tends to be down. Source: DOGEUSDT tradingview

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