Dogecoin creator and lead contributor reject allegations of assisting Elon Musk as lawsuit worth $258 billion progresses

Dogecoin (DOGE) founder Billy Markus, who goes by the name Shibetoshi Nakamoto on X (formerly Twitter), has reacted to the latest cryptocurrency market crash. After the most recent crypto rally, where Bitcoin (BTC) hit a new all-time high (ATH) of $73,835, the market started a downtrend by the end of last week.

Upcoming X update teased by Elon Musk during chat with member of Dogecoin team

According to a series of recent tweets published by the @DogeWhaleAlert wallet tracker, over the past 24 hours anonymous wallets have shoveled slightly over 200 million Dogecoin between each other.

Elon Musk, the CEO of Twitter and prominent advocate for the meme cryptocurrency Dogecoin, announced on Thursday that he has found a new chief executive for the struggling social media platform. Read more on U.Today https://u.today/breaking-blow-to-dogecoin-doge-as-musk-says-he-will-step-down-as-twitter-ceo

Dogecoin hashrate was on the rise over the last week due to the popularity of DRC-20 tokens. However, the network has taken a nosedive in terms of hashrate over the past day with a double-digit drop. So what could be driving this decline?

On March 13, Elon Musk said that Dogecoin might be accepted as a payment method for Tesla “at some point.”

An ancient Dogecoin (DOGE) whale suddenly came to life on Thursday morning after being dormant since late January 2014, less than two months after the top memecoin first launched.

Dogecoin founder Billy Markus has finally revealed his networth with the figure quote far less than what many expected

Dogecoin’s development of its very own DRC-20 has skyrocketed participation on the network

Dogecoin, the original meme coin, took the world by storm when it was created as a joke in 2013. However, it has since evolved into a popular digital currency, reaching an all-time high market cap of over $90 billion in May 2021. Despite the creator's early exit from the project, the meme-inspired cryptocurrency continued to grow and gain mainstream recognition, largely driven by the support of high-profile figures like Elon Musk.

With Bitcoin (BTC) setting its sights on a retest of its all-time high (ATH) this week, the meme coin sector, led by Dogecoin (DOGE) and Shiba Inu (SHIB), has seen remarkable increases. These gains are supported by encouraging on-chain metrics indicating strong bullish momentum. Consequently, DOGE and SHIB have experienced significant gains over the past month, outperforming many of the top altcoins as the meme coin market captures investor interest.

Dogecoin (DOGE) attempts to make a comeback during a mini-bull run, following a recent massive shorting from investors and traders.

In a recent post, Dogecoin creator Billy Markus shed light on his current views and involvement with the cryptocurrency he created 10 years ago. The post, structured in the format of frequently asked questions (FAQ), reveals Markus' candid opinions on Dogecoin and the market in general.

Dogecoin (DOGE) officially went live in 2013 and became an instant sensation within the crypto and internet meme communities. Early investors have made millions with DOGE despite the token’s lackluster performance in the last two years.

Four ancient Dogecoin (DOGE) whales have been spotted since the beginning of 2023 moving hundreds of thousands of dollars in the leading meme coin. All of these whales had one thing in common: they were inactive for over nine years, before making the recent movements.

Dogecoin [DOGE] hasn’t recovered from losses sustained in the second half of April. In the past ten days, price action oscillated between moving averages and a bullish order block (OB) on the four-hour chart (cyan).

Dogecoin has been one of the best performers over the past year, consistently holding up gains even through market dumps. However, after the meme coin’s rally in March and then the subsequent dump in April, it looks like investors, especially whales, are finally getting ready to start taking profit. This is evidenced by a number of large DOGE transactions that were flagged going into exchanges over the last day.

This use case for Dogecoin might make it completely different asset

The Dogecoin community was hoping for Elon Musk’s X to integrate Dogecoin and other cryptocurrencies into their payment services.