Dogecoin (DOGE) Price Jump Driven by Whale Activity, Co-Creator Billy Markus Amused

Dogecoin, the original meme cryptocurrency, made headlines last week with a staggering 21% price jump. The coin's co-creator, Billy Markus, known for his ironic commentary on the crypto market, shared his thoughts on the rise.

Dogecoin, the original meme cryptocurrency, had a stellar week with a 21% price surge, surprising many in the crypto community. The coin's co-creator, Billy Markus, known for his wry commentary on the crypto market, shared his thoughts on the DOGE price surge.

Between Wednesday and Saturday, DOGE price soared from $0.10745, reaching a high of $0.13080, marking a nearly 22% increase. This sudden spike left many in the community scratching their heads over the reason behind such a dramatic surge. Markus, who co-developed Dogecoin in 2013 with Jackson Palmer, admitted that he had "no idea" why the price went up so much.

In a brief Q&A with his followers on the X platform, Markus addressed a user's comment on his short response to such a significant question, to which he quipped, "That's pretty much my answer to everything crypto price related." His ongoing critique of the unpredictable nature of cryptocurrency prices, especially in the realm of meme coins, adds a layer of irony to the entire affair.

Dogecoin’s Price Surges on Back of Whale Activity

One factor that could have contributed to DOGE's price surge was the whale activity reported during the price increase. According to data from a cryptocurrency? scanner, major crypto holders went on a DOGE buying spree, snapping up a total of 1.4 billion coins over 48 hours. This buying activity, to the tune of $140 million, tends to create ripples in the market, pushing prices higher.

Over the weekend, another unreported whale acquired an additional 1.4 billion DOGE, prompting Markus to simply respond with a "wat," expressing his mild surprise at the market's dynamics.

Despite his pivotal role in Dogecoin's creation, Markus reiterated last week that he has no plans to create or be involved in any other cryptocurrency, whether it be a meme coin or otherwise. His clarification serves as a reminder to potential investors to be cautious of any false claims regarding his involvement in other projects.

As Dogecoin continues its wild ride in the crypto market, its creator remains detached, critical, and amused by the unpredictability of the world he helped build.

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