Dogecoin, the pioneer of meme coins, recently experienced a massive 21% surge, catching the attention of crypto enthusiasts worldwide. Between Wednesday and Saturday, DOGE jumped from $0.10745 to a high of $0.13080, representing a near 22% increase. However, the sudden spike left many puzzled, as the coin’s co-creator, Billy Markus, offered his characteristic sarcastic take on the situation.
Billy Markus on Dogecoin’s Price Surge: “No Idea”
Markus, who co-developed Dogecoin in 2013 with Jackson Palmer, admitted he had ‘no idea’ why the price surged so dramatically. Known for his irony-laden commentary, Markus used the opportunity to remind his followers on the X platform that predicting crypto price movements isn’t something he’s interested in or capable of doing. In response to a user asking why he had such a short answer for a major question, Markus humorously quipped,
“It’s pretty much my answer to everything crypto price related.”
Whale Activity Likely Behind Dogecoin’s Price Surge
The driving force behind Dogecoin’s remarkable rise appears to be the significant whale activity reported during the spike. In just two days, large crypto holders purchased a collective 1.4 billion DOGE, amounting to approximately $140 million in fiat value. Whale buying often creates major ripples in the market, and another unknown whale acquired an additional 1.4 billion DOGE over the weekend, sparking further price increases. Markus responded to this market movement with a simple, bemused “wat.”
Markus Stays Detached From the Hype
Despite the unpredictable nature of Dogecoin’s market behavior, Markus reiterated last week that he has no intention of creating or being involved with any other cryptocurrency, meme coin or otherwise. His remarks serve as a reminder for investors to remain cautious of false claims linking him to other crypto projects. Markus continues to take a detached and critical stance on the market that he helped shape, while Dogecoin remains an unpredictable player in the crypto space.
As Dogecoin continues its rollercoaster ride in the cryptocurrency world, its co-creator remains on the sidelines, observing with a mix of amusement and critique. Meanwhile, the meme coin’s erratic price movements continue to intrigue and baffle investors across the globe.
