Dogecoin's co-creator now owns just $40,000 of the meme token -- and says he has nothing to do with it anymore

Dogecoin's co-creator now owns just $40,000 of the meme token -- and says he has nothing to do with it anymore
  • Billy Markus, the co-creator of dogecoin, revealed he owns around 220,000 of the token.
  • His holdings translate to about $40,000, based on Tuesday's price.
  • In June, Markus broke his vow of never owning any crypto by buying dogecoin.
  • Dogecoin co-creator Billy Markus revealed he owns around 220,000 of the meme cryptocurrency, which translates to about $40,000 based on Tuesday's price.

    He also reiterated that he has nothing to do with the coin anymore -- despite constantly tweeting about it.

    "Yet another reminder: I don't speak for dogecoin," Markus tweeted to his nearly one million followers Sunday. "I am not on the project. I am a community member. I hold about 220k doge."

    In a follow-up tweet in response to a comment, he maintained he will "never" work on the token again.

    "I never will. Working on a crypto project is terrible as I have actually found the more you do for people, the more entitled they get and worse they treat you," Markus said. "I respect the developers a lot for volunteering to do so for all these years."

    He created dogecoin in 2013 with Jackson Palmer. In February, Markus after getting laid off and ended up buying a used Honda Civic.

    But in June, he announced he is buying some dogecoin, breaking a promise he made to himself.

    "I bought dogecoin after 8 years of vowing never to buy crypto again," he tweeted. "I have checked the price 7 times so far since then."

    Dogecoin, the in Google this year, peaked at an all-time high of $0.69 on May 7 after Elon Musk said it could be the It is trading around $0.18 as of Tuesday morning.

    Musk has lent for the dog-themed token on Twitter, including a February tweet saying he . Most recently, the billionaire said December 14 that for some merchandise -- sending the token soaring as much as 30% that day.

    Dogecoin has rallied 3,655% year-to-date, fueled by a lighthearted community that backs the altcoin as a form of disruption to Wall Street's established financial institutions.

    Source

    Subscribe to get our top stories