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Dogecoin Cofounder Faces Harassment While ‘Meme Coin’ Hype Trends Among Investors Skip to main content

Dogecoin Cofounder Faces Harassment While ‘Meme Coin’ Hype Trends Among Investors

Dogecoin Co-Founder Faces Harassment While 'Meme Coin' Hype Trends Among Investors

As dogecoin’s frenzy keeps making the headlines in the crypto sphere, some people are not happy with it. Billy Markus, Dogecoin’s cofounder, has been a target of long-lasting online harassment, which still doesn’t end, he claims.

Markus Sold All His Doge in 2015

The so-called meme coin, DOGE skyrocketed well over 325% in a single day, specifically on January 29, 2021. The dynamic was the similar one followed by the Gamestop/Wallstreetbets saga. In this case, a Reddit group called Satoshistreetbets was allegedly behind the recent dogecoin’s pump.

However, Markus, also known in the crypto industry as “Shibetoshi Nakamoto,” published some tweets, clarifying publicly that he sold all his DOGE in 2015 after “getting laid off and freaking out about money.” In fact, he pointed out that money was enough to buy a used Honda Civic car.

Dogecoin’s cofounder also claimed that he left the Dogecoin project seven years ago due to harassment from the community. However, Dogecoin’s cofounder says he’s now “being harassed again.”

Although “Shibetoshi Nakamoto” didn’t provide additional details on who was behind the harassments against him, nor the nature surrounding it, he said:

Also, I don’t say this as a sob story – I’m financially fine – I just want to offer some perspective of what it feels like to have a mob demand you to do something for them on a project that you have no current involvement in, that you’ve seen others make many millions off of.

There are no reports on how much Markus’s net worth is nowadays.

Dogecoin Madness Remains Alive as the Month Kicks Off

At the start of February, dogecoin hit highs at $0.045, but its hovering around that neighborhood lasted briefly. According to markets.Bitcoin.com data, DOGE is exchanging hands at $0.0398, up 40.30% on Monday, with a market capitalization of $5.11B.

Twitter is featuring the hashtag #Dogecoinarmy as a trending topic in several countries like the United States and the United Kingdom. Also, there are still active efforts from dogecoins’ investors within the Reddit community to pump prices as the frenzy keeps alive.

In fact, as news.Bitcoin.com reported last week, one particular Reddit thread talks about holding dogecoin to get the price per unit to $10.

What do you think about Dogecoin’s co-founder words? Let us know in the comments section below.

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