As a researcher looking into the world of cryptocurrencies, I find myself consistently intrigued by the enigmatic figure that is Billy Markus. His latest tweet about Dogecoin’s sudden surge has left me both puzzled and amused.
Billy Markus, one of the creators of the initial meme-based cryptocurrency DOGE back in 2013, voiced his thoughts about the recent surge of over 21% in the coin’s value during the past week.
Markus did it, sticking to his traditional ironic style and criticism of the cryptocurrency market.
Why did DOGE surge 20%? Markus sheds light
Just recently, Dogecoin, the most significant meme-based cryptocurrency in terms of market cap, left quite a stir within the cryptocurrency scene and meme coin enthusiasts by experiencing a remarkable surge of over 21% last week.
From midweek until Saturday, the value of DOGE significantly increased from approximately $0.10745 to a peak of around $0.13080 – marking an almost 22% rise. The cause behind this dramatic price spike remains unclear as Dogecoin co-founder Markus shared his bewilderment, stating “I have no idea.” This interaction took place during a question-and-answer session he hosted for his followers on the X platform, where he discussed various aspects related to his creation, DOGE.
Q&A
Q: why is dogecoin up 20% this week?
A: no idea
— Shibetoshi Nakamoto (@BillyM2k) September 29, 2024
In the comments as someone pointed out that his answer was somewhat short for such an important question, Markus said: “it’s pretty much my answer to everything crypto price related.” Yet, he complained, people continue to ask him what he thinks about crypto price movements and what triggers them.
Last week, the price of Dogecoin saw a significant spike. During this time, large crypto investors, known as whales, bought approximately 1.4 billion Dogecoins within a span of 48 hours, which equates to around $140 million in real currency. This information comes from U.Today’s reports.
it’s pretty much my answer to everything crypto price related
yet people still ask
— Shibetoshi Nakamoto (@BillyM2k) September 29, 2024
Over the course of the past weekend, a mysterious entity is said to have seized approximately 1.4 billion Dogecoins. In response to this event, Billy Markus simply commented, “wat.
Markus to never make any crypto again
A week ago, Billy Markus posted a tweet to clarify that he has no involvement with any cryptocurrencies beyond Dogecoin and the Bells coin, which he developed the coding for prior to creating DOGE.
Anyone who asserts differently should be aware they’re attempting to mislead the cryptocurrency community and prospective investors, he cautioned. Markus reiterated that he has no intentions of developing a new cryptocurrency on his own or joining a team that would do so. In an additional statement, he clarified that he will not be creating a new meme coin specifically.
Markus occasionally provides clear explanations because numerous users frequently inquire about his plans for releasing a new digital currency.
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2024-09-30 11:29