On Friday, Billy Marcosthe co-founder of Dogecoin DOGE/USD, shared an unusual statement on X, formerly known as Twitter, about the meme coin. It came as DOGE saw a significant price surge, jumping 18% overnight, capturing the market's attention.
Markus, also known by his pseudonym “Shibetoshi Nakamoto,” took to the platform to reflect on Dogecoin’s journey, humorously pointing to it as an indicator of “how retarded people are becoming.”
The comment linked to a 2013 post from a Bitcoin forum, which emphasized DOGE's original intent as a “delayed” currency. The price of Dogecoin has seen a notable increase, with a rise of 22.76% in the last 24 hours.
The rise in Dogecoin's value is part of a broader rally in the cryptocurrency market, largely driven by that of Bitcoin. BTC/USD recent earnings.
Also Read: This Analyst Says Dogecoin Could Rally Further After an Elon Musk-Induced Rally, But There's a Problem
Bitcoin has seen a 21.74% rise since the start of the week, briefly reaching the $64,000 mark. This rally has been fueled by excitement around the approval and launch of spot Bitcoin exchange-traded funds (ETFs), with Black Rock leading the charge with a $10 billion Bitcoin stake.
Now Read: Dogecoin Founder Billy Markus Reveals His Number One Rule for Cryptocurrencies Along with His Favorite Tokens
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