Billy Markus, the co-creator of the iconic meme coin Dogecoin and collaborator with Jackson Palmer, recently made statements regarding the “technology” used by creators of small-cap meme coins. Despite being part of the meme coin movement, Markus explained why he has no intention of investing in such cryptocurrencies.
Dogecoin Inventor’s Humorous Tweets
Markus tweeted humorously and shared his wallet address, inviting the crypto community to send him SOL-based meme coins. He also jokingly claimed to have “literally invented some meme coins.” Markus is known not only for Dogecoin but also for creating Belscoin (BEL), inspired by the Animal Crossing game universe, which, however, has received much less attention compared to DOGE.
Interestingly, Belscoin has started to gain some interest in certain sections of the crypto community alongside the growing fascination with meme cryptocurrencies. Recent trends show an increase in meme coins built on the Solana Blockchain, attracting speculative investors looking for short-term gains.
Markus Does Not Invest in Meme Coins
In response to questions about his stance on meme coins, Markus emphasized how easily these coins are created and expressed his disinterest in purchasing them. He pointed out that such ventures require minimal effort and are often produced in just a few seconds and with more than a few cents.
There are also many rumors on the internet about the rapid creation of Dogecoin. Anecdotes suggest that Markus developed the cryptocurrency as a casual side project for fun, using Bitcoin‘s code, in just a few hours.
Markus Thinks Differently About Long-Term Investments
In recent social media activities, Markus has expressed his doubts about the prevailing narrative of holding crypto assets for the long term. He compared this to the emotional roller coaster of holding onto cryptocurrencies by sharing a video depicting disruptive behavior. He also offered a different perspective on the allure of the industry by openly discussing the negative impacts of crypto involvement on mental health.
Markus’s views provide an honest look at the process of creating meme coins. His choice not to invest also serves as a lesson for crypto enthusiasts.
