Dogecoin Founder Spills Beans on His Epic Draining DOGE Sale

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As a seasoned analyst with years of experience in the crypto market, I find Billy Markus’ recent tweets both intriguing and amusing. His nonchalant attitude towards selling his Dogecoin holdings to buy a Honda Civic back in 2015, despite being the creator of the meme cryptocurrency, speaks volumes about his personality. He seems unfazed by the potential financial implications, which is a testament to his confidence and resilience.

Billy Markus, also known as Shibetoshi Nakamoto on social media X, the co-creator of the popular meme cryptocurrency Dogecoin with Jackson Palmer in 2013, took to Twitter to support Elon Musk, who has faced criticism online from some U.S. politicians recently. Among these critics was the California governor, who threatened legal action against Elon Musk for posting memes.

In the course of the conversation, Markus expressed his sentiments about having sold nearly all his DOGE coins around nine years back.

As a crypto enthusiast, I came across a post by @ChadCaff sharing an article titled “Dogecoin creator cashed out all his coins for a $10,000 Honda Civic in 2015.” The article made me wonder if the Dogecoin creator, Markus, plans to sell off his DOGGO holdings too.

I, as a researcher, noted that in response to a certain comment, Markus expressed “godspeed all” which seemed to indicate no remorse over selling his crypto holdings to purchase a car. From his tweets disclosed this year, it appears that Markus maintains a small amount of Dogecoin and 0.006 Bitcoin in his portfolio.

🤷‍♂️ godspeed all

— Shibetoshi Nakamoto (@BillyM2k) September 20, 2024

A different user of X inquired if the creator of DOGE was in such a dire financial situation that he had to sell off all his cryptocurrency. In response, Markus stated, “Everything I own becomes worthless within about 5 hours, so I might need to sell it for it to perform well.

whatever i hold goes to 0 in like 5 hours so maybe i have to sell for it to do well 🤣

— Shibetoshi Nakamoto (@BillyM2k) September 20, 2024

Markus trolls Bitcoin bulls this week

At a recent Federal Open Market Committee (FOMC) meeting, Chairman Jerome Powell revealed that the Federal Reserve will lower the annual interest rate by half a percentage point, contrary to some analysts’ expectations of a 0.25% reduction.

Initially, it was anticipated that this event would significantly boost both the stock and crypto markets, propelling them upward into the “green” area of growth. Contrarily, the initial response from the markets showed a negative trend, causing them to plummet even further.

Markus posted images showing a drop in the prices of S&P 500, Bitcoin, and Ethereum following Powell’s statement, suggesting he was teasing those anticipating a market rise.

However, the prices rebounded a little later, with Bitcoin adding almost 8% and soaring to touch the $64,000 price level briefly. At the time of this writing, BTC is changing hands slightly above $63,000.

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2024-09-21 14:59