Dogecoin Co-Creator Billy Markus Owns Simply $40,000 of the Meme Token

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  • Billy Markus, the co-creator of dogecoin, revealed he owns round 220,000 of the token.
  • His holdings translate to about $40,000, based mostly on Tuesday’s value.
  • In June, Markus broke his vow of by no means proudly owning any crypto by shopping for dogecoin.

Dogecoin co-creator Billy Markus revealed he owns round 220,000 of the meme cryptocurrency, which interprets to about $40,000 based mostly on Tuesday’s value.

He additionally reiterated that he has nothing to do with the coin anymore — regardless of continually tweeting about it.

“Yet one more reminder: I do not communicate for dogecoin,” Markus tweeted to his almost a million followers Sunday. “I’m not on the venture. I’m a neighborhood member. I maintain about 220k doge.”

In a follow-up tweet in response to a remark, he maintained he’ll “by no means” work on the token once more.

“I by no means will. Engaged on a crypto venture is horrible as I’ve truly discovered the extra you do for individuals, the extra entitled they get and worse they deal with you,” Markus stated. “I respect the builders so much for volunteering to take action for all these years.”

He created dogecoin in 2013 with Jackson Palmer. In February, Markus stated he offered all his cash in 2015 after getting laid off and ended up shopping for a used Honda Civic. 

However in June, he introduced he’s shopping for some dogecoin, breaking a promise he made to himself.

“I purchased dogecoin after 8 years of vowing by no means to purchase crypto once more,” he tweeted. “I’ve checked the worth 7 instances up to now since then.”

Dogecoin, essentially the most searched crypto in Google this yr, peaked at an all-time excessive of $0.69 on Might 7 after Elon Musk stated it could possibly be the way forward for crypto. It’s buying and selling round $0.18 as of Tuesday morning.

Musk has lent a number of endorsements for the dog-themed token on Twitter, together with a February tweet saying he purchased some for his son. Most just lately, the billionaire stated December 14 that Tesla will begin accepting dogecoin for some merchandise — sending the token hovering as a lot as 30% that day.

Dogecoin has rallied 3,655% year-to-date, fueled by a lighthearted neighborhood that backs the altcoin as a type of disruption to Wall Avenue’s established monetary establishments.

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