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April 27, 2023

Dogecoin (DOGE) Founder Advises Against Investing in Memecoins and NFTs, Call Crypto Scene ‘Stupid’

By Mehron Rokhy

The founder of Dogecoin (DOGE) is issuing a warning against trading memecoin and non-fungible tokens (NFTs) as he calls the crypto space even “stupider” than it was a decade ago.

In a new thread, DOGE creator Billy Markus, known on Twitter as Shibetoshi Nakamoto, reaffirms that Dogecoin was started as a joke to make fun of the crypto scene, which he says has gotten even worse.


“DOGE was made 10 years ago to make fun of how stupid the scene was back then. It’s even stupider now, and people are just playing poker against each other and trying to dump their bags on each other. It doesn’t bother me, that’s just all it is. Y’all can stop harassing me please.”

Markus says he’s tired of being harassed over Dogecoin, an asset he founded over a decade ago but has nothing to do with anymore. He adds that the space harbors some “lousy, cruel people.”

“Q: Do you represent DOGE? A: No

Q: Do you have any professional involvement with DOGE? A: No. Haven’t touched it for 10 years.


Q: Are you jealous of the success of other coins and tokens? A: I literally don’t care, I just don’t like being harassed and attacked for clout…

It’s just dumb because like, it’s not my project, I just founded it 10 years ago. There are so many ridiculous narratives about it, it was ‘rugged,’ blah blah. This space is full of so many really lousy cruel people. At least there are some good ones too.”

Furthermore, when asked if he’d rather invest in memecoins or non-fungible tokens (NFTs) if he was trying to turn $1,000 into $100,000, Markus replied with “neither.”

Dogecoin is trading for $0.08 at time of writing, a 2.9% drop during the last 24 hours.

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