Dogecoin co-creator Billy Markus revealed he owns round 220,000 of the meme cryptocurrency, which interprets to about $40,000 primarily based on Tuesday’s value.
He additionally reiterated that he has nothing to do with the coin anymore — regardless of consistently tweeting about it.
“Yet one more reminder: I do not communicate for dogecoin,” Markus tweeted to his practically a million followers Sunday. “I’m not on the undertaking. 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 undertaking 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 mentioned. “I respect the builders quite a bit for volunteering to take action for all these years.”
He created dogecoin in 2013 with Jackson Palmer. In February, Markus said he sold all his coins 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 value 7 occasions to date since then.”
Dogecoin, the most searched crypto in Google this 12 months, peaked at an all-time excessive of $0.69 on Might 7 after Elon Musk mentioned it could possibly be the future of crypto. It’s buying and selling round $0.18 as of Tuesday morning.
Musk has lent multiple endorsements for the dog-themed token on Twitter, together with a February tweet saying he bought some for his son. Most not too long ago, the billionaire mentioned December 14 that Tesla will start 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.