Not a Whale, Not a Representative – Dogecoin Founder, Billy Markus, Reveals His DOGE Holdings

Initially intended to be a parody of the world’s biggest cryptocurrency, Bitcoin, Dogecoin now has a market cap of over $25 billion.

Billy Markus created Dogecoin, based on the popular Doge Shiba Inu meme, in “about two hours” in 2013. Initially, the asset was intended to be a parody of the world’s biggest cryptocurrency, Bitcoin, but Dogecoin has since amassed a market cap of over $25 billion.

Billy Markus, the co-creator of the multibillion-dollar meme, has revealed the amount of Dogecoin he owns. Naturally, there was widespread belief that the co-founder of the 12th biggest crypto would have a whale-sized stash of DOGE.

Not a Whale Nor a Representative

In a recent interview, Markus revealed that, contrary to popular belief, he owns approximately 220k DOGE, worth around $42,000 as of this writing. 


The Dogecoin founder further clarified his place in the pioneer meme coin project. According to Markus, he is now just a Dogecoin community member. 

He adds that he doesn’t speak for or work with the Dogecoin Foundation and as such, he shouldn’t be considered a representative of the project.

How is the Founder of Dogecoin not a Whale?

Struggling to come to terms with DOGE’s recent gains, Billy Markus disclosed to a Reddit group that he sold his Dogecoin stash in 2015 for the equivalent of “a used Honda Civic.”


According to Markus, this happened after he was laid off and felt scared in regards to his dwindling savings at the time. In June 2015, Dogecoin was valued at around $0.00018. At the time of this writing, DOGE is trading at $0.189, having gained by approximately 1,000 times since then.

On the Flipside

Why You Should Care

The story of Billy Markus is one HODLers would love to draw lessons from – keep your stake regardless of what should happen.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia