The co-founder of Dogecoin, Billy Markus, has lashed against meme coins. Dogecoin (DOGE/USD) is currently the largest meme coin by market capitalization, and it has received overwhelming support over the recent years, including from Tesla’s CEO, Elon Musk.
Dogecoin’s creator criticizes meme coins
Markus seems irked by the meme coin scammers that are flooding his Twitter posts. He a series of tweets targeting these spammers that usually shill the many meme coins in the market.
Markus talked about the creation of Dogecoin eight years ago. He said that Dogecoin was founded as a true meme that made fun of “idiotic coins.” He added that the current meme coins in the market are no longer memes.
The developer said that the current meme coins flooding the crypto market were developed “by people trying to get rich off of other people trying to get rich.” His target shifted towards the tokens running on BINANCE Smart Chain. According to Markus, these tokens had “made the internet worse in every way.”
He also said that he was not concerned about whether people wanted to gamble with these coins or not. However, he advised that the spam ads shilling the coins to stay away from his Twitter thread.
Markus has more than a million followers on Twitter, and some of them supported his remarks about meme coins. One user even commented that these spam ads were “sickening.”
However, despite echoing his dislike for these spam ads, it has not stopped the spammers from flocking his tweets. There were still more meme coin ads even on the thread attacking the spammers.
The rise of Dogecoin
Dogecoin was developed during the early years of the cryptocurrency market to make fun of Bitcoin (BTC/USD). Its popularity rose in 2021, and it spearheaded the meme coin trend. During the first quarter of 2021, Dogecoin entered the list of the top ten largest cryptocurrencies by market capitalization.
Dogecoin’s gains and popularity have been attributed to backing by popular investo9rs such as Elon Musk and Mark Cuban. At the time of writing, Dogecoin was trading at $0.12 after a 9% dip in 24 hours.
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