The denizens of the crypto community on Twitter seem to be in a spat over the matter of their favourite canine meme cryptocurrencies. Billy Markus, the software engineer who put together the Dogecoin project, has now taken to Twitter in a series of arguments regarding the hype tokens that are present in the market. He recently tweeted that several digital tokens have a short life span on the crypto market.
He further added that people should refrain from rushing to invest in the type of digital tokens that are only trending due to the creation of clamouring rumours about these projects. He added that if the investors want to safeguard their crypto investment for the long run, they should try to add real value to the project that they are supporting. To his tweet, Tesla CEO responded by agreeing with his remarks.
Several people in the past have proceeded to claim that Elon Musk is the source of creating hype around many cryptocurrencies. Another one of these protestors is Shannon Bray. Bray is currently running for a campaign for membership in the Senate. He tweeted at Musk that he and his Mother has been engaging in activities trying to create hype around the meme cryptocurrency Dogecoin.
Bray also added that he feels bad for the junior Musk, who has lost considerable value from his Dogecoin reserves since the recent correction. However, Markus was there to defend the Tesla CEO in return. He claimed that Bray is showing his potential voters that he cannot take responsibility for his personal investment decisions. There were also some other commenters on the tweet which claimed that Dogecoin has not been rallying since Musk’s appearance on SNL.
Shiba Inu Whales Manipulate Markets
A recent survey from CoinMarketCap revealed that the major chunk of the Shiba Inu token is owned by only 10 digital wallet addresses. After the recent 51% correction in the Shiba Inu token, these sleuths have started to keep a sharp eye out for any activities related to these whale investors. Meanwhile, the crypto community is also discussing the new stories regarding canine token millionaires.
One such story is of a retail store worker named Rob. Rob is a British citizen and works at a supermarket store to make a living. He planned to invest $8,000 in the Shiba Inu token that has been dubbed as the Dogekiller. In a matter of a few months, Rob was able to become a new crypto millionaire. According to experts, one of the biggest causes of Shiba Inu price fall is investors cashing out to take profits.