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  • Sold It All?” Debunked: Dogecoin Founder Confirms if He Still Holds DOGE
  • News

Sold It All?” Debunked: Dogecoin Founder Confirms if He Still Holds DOGE

Cal Evans 17 October 2024
dogecoin on marbles
  • Billy Markus, the co-creator of Dogecoin, still holds approximately 226,317 DOGE, valued at around $27,558, despite stepping away from the project in 2016.
  • He also has diversified holdings in other cryptocurrencies, including Ethereum, Solana, and various meme coins.

Billy Markus, one of the co-creators of the immensely popular meme-based cryptocurrency Dogecoin (DOGE), recently shed light on his current holdings in the coin that he helped bring to life. Markus, who is also known by his online persona “Shibetoshi Nakamoto,” has always maintained a witty and sometimes sarcastic presence on social media. When asked directly if he still holds any DOGE, Markus responded with a straightforward, “Yep.”

A Peek Into Markus’s Wallet

For those curious about his current Dogecoin holdings, Markus’s publicly anonymized wallet, labeled “D6QS1m,” contains approximately 226,317.86 DOGE, valued at around $27,558. This confirms that, despite stepping away from the Dogecoin project years ago, he continues to be somewhat connected to the cryptocurrency he co-created.

Back in 2016, Markus made headlines when he sold his DOGE holdings due to dissatisfaction with the direction of the Dogecoin community and personal financial needs after leaving his day job. However, his recent admission reveals that the co-founder remains invested, albeit not heavily, in the coin that has since exploded in popularity, driven by meme culture and endorsements from high-profile figures like Elon Musk.

Markus’s Broader Cryptocurrency Portfolio

Interestingly, Dogecoin isn’t the only crypto asset in Billy Markus’s wallet. According to Arkham Intelligence, Markus’s portfolio includes around $15,000 worth of Ethereum (ETH) and approximately $8,000 spread across various other meme coins. Among these holdings is PSPS, a meme coin dedicated to Markus’s cat, where he holds a sizable $113,980 worth.

Additionally, Markus has a significant stake in Solana (SOL), holding 801.41 SOL, currently valued at about $124,000. This demonstrates that, while his ties to Dogecoin remain intact, Markus has diversified his crypto investments beyond the meme coin space.

The Meme Coin Revolution

Markus has long been a pivotal figure in the broader meme coin movement. Last year, as meme coin mania surged, Markus invited his followers to participate in a contest by donating their favorite meme coins on the Solana and Ethereum blockchains. His goal was to see which community would be more active and viral, further cementing his playful yet influential presence in the world of meme cryptocurrencies.

In conclusion, while Billy Markus may no longer be at the helm of Dogecoin’s development, his continued investment in DOGE and other cryptocurrencies suggests that he still has a stake in the ever-evolving world of digital assets.

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