One of the founders of Dogecoin (DOGE), Billy Markus, stated that 95% of all Crypto are fraudulent projects.
This statement has caught the attention of some enormous figures in finance and Crypto.
DOGE Founder Says 95% of Crypto is a Scam
Billy Markus, Founder of Dogecoin, just buzzed the Crypto Twitter world with his statement that 95% of crypto projects are fraudulent.
According to him, the crypto market conditions are worsening due to the states he believes. Because of the many frauds and arrogant attitudes, crypto innovation has become closed and is considered harmful.
Many responded that this statement was hilarious, considering that Dogecoin is also still ambiguous in the fraud category or not.
The tweet came after the Terra (LUNA) case that occurred.
After giving the statement, he added by stating that the person who invited him to argue regarding the previous information was a fool and a fraud.
The tweet received more than a thousand responses, and the majority of individuals who responded to Mark’s statement seemed to agree even though they still considered it a bit hypocritical.
This is because Dogecoin was formed in the status of a meme coin; besides that, many still argue that DOGE is not yet fully good even though it now has a good plan.
Markus himself still states that DOGE is a crypto project that is not good because it was formed for entertainment. Markus also attacks the DOGE ecosystem, which the project considers useless. This statement is a challenge to the current Dogecoin team, who are trying to improve Dogecoin from being a joke to being a good blockchain.
Public Figure Responses
Several prominent figures respond to Billy’s statement. One of them is Elon Musk, the CEO of Tesla and the individual claiming to be DOGE’s biggest supporter, who responded to Mark’s response with a laughing emoji.
The response was replied by Billy Markus, who stated that the response was “The correct response”.
The last time Elon Musk and Billy Markus talked was when Elon Musk bought Twitter and stated that he would use DOGE as Twitter.
Regarding the impact of this statement on DOGE prices, there is no significant price movement.
Currently, DOGE is still seen moving to follow the majority of crypto assets that are being consolidated.
This statement from the Founder of Dogecoin does not seem very influential because most investors know its true nature.
If you refer to his Twitter account, it can be seen that Markus is a critical individual and often states things that some investors consider negative statements. An example of his latest controversial statement is when he stated that Crypto and stocks are two assets considered stupid.
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