Billy Markus, often referred to as “Shibetoshi Nakamoto” on social media, collaborated with Jackson Palmer to establish the well-known meme coin DOGE in 2013. Recently, he used his X social media account to share with the community a photo he had taken while on vacation in Japan.
“Lucky Shiba” for Dogecoin community – DOGE allegory?
Billy Markus mentioned in his X post that he purchased a “Lucky Shiba” toy from a Kyoto trinket shop. It rolls back into an upright posture if someone pushes it toppled.
Markus then surmised that it may be “an allegory of some sort”, alluding to Dogecoin, given that it was created as a parody on Bitcoin and was inspired by a Shiba Inu dog.
The 2.1 million strong army of Markus’s fans on the X platform responded right away, expressing their gratitude for this Japanese toy they called “unknockable” and “Lucky Shiba.” A user named @naiivememe on X said that Elon Musk, a well-known supporter of Dogecoin, could like receiving this toy.
https://x.com/naiivememe/status/1717013454882738218?s=20
In the comment thread that followed Markus’s article, several supporters of SHIB—an additional coin with Shiba-Inu inspiration—also surfaced. They mentioned SHIB and the SHIB army.
Whale moves 350 million DOGE to Robinhood
In a recent report, the blockchain tracking tool Whale Alert revealed that a staggering 350,000,000 meme coins in the shape of a lump of DOGE had been moved to the well-known trading app Robinhood.
The wallet is marked as a “unknown” blockchain address since Whale Alert was unable to determine who sent the message.
https://x.com/whale_alert/status/1716956747032641931?s=20
Given that Dogecoin’s price has been rising recently, this move could point to the selling of the cryptocurrency by a major holder—referred to as a whale in the industry. The original meme currency had a price increase of almost 8.5% between Monday and Tuesday, hitting $0.0691.
Tuesday saw a price decline of 6.02%, and today DOGE attempted to record another notable increase, rising by 6.09%. The well-known dog cryptocurrency is now trading at $0.0677 on the Binance platform as of this writing.
In recent days, a number of analysts have made statements on X postings indicating that they anticipate Dogecoin will reach the widely anticipated $1 per unit target.
The present increase in DOGE can be linked to the spike in the price of Bitcoin due to the excitement around the soon-to-be-approved Bitcoin spot ETF. Along with Dogecoin, other well-known memecoins like SHIB and PEPE also saw increases, and the cryptocurrency industry as a whole essentially followed BTC.
