Well-known DOGE creator and leader of the Dogecoin community, “Mishaboar,” has turned to social media to issue a vital warning with the DOGE army on the X social media site. He speaks especially to individuals who have lately joined the DOGE army.
“Warning for newbies” from DOGE developer
Mishaboar cautioned Dogecoin users from sending money to so-called “influencers” who generously promise access to Telegram’s restricted channels in exchange for sharing their personal information.
According to the creator, there is currently a rapid and widespread proliferation of these kinds of scamming cryptocurrency consumers. Regarding the X platform, these so-called “influencers” could even follow other prominent and well-known X users.
Mishaboar is adamant that having popular accounts following someone does not imply that they are legitimate. Furthermore, he said, such “well-known accounts” may potentially be con artists. He then gave Telegram a severe criticism, saying, “In fact, keep this in mind: Telegram = Hell.”
Mishaboar also alerted Dogecoin users about Dogechain at the beginning of this month. He brought up a letter that many DOGE holders had received urging them to take their money out of Dogechain in his X post.
Mishaboar did not contest that email’s veracity. To prevent phishing assaults, he did, however, strongly advise people not to click on any of the several links that were attached to the email. Rather, the developer suggested that users enter “dogechain dot info” directly into their browser’s search bar. He said it had been seen that Dogechain’s.com domain was being used for scams.
Dogecoin faces tremendous transaction rise
Over the weekend, U.Today announced that Dogecoin has seen an astounding increase in daily transactions, surpassing one million on the chart.
The daily transfers reached a level above two million in June, making this the second greatest surge to date. Billy Markus, a cofounder of DOGE, had made a statement about it, speculating that the large transfers may be attributed to people transferring a lot of DRC-20 tokens and Ordinals, sometimes referred to as Doginals in the Dogecoin community.
This year’s June saw the introduction of the token standard, coinciding with the surge in transactions to two million. By the weekend’s transaction high, Dogecoin had surpassed popular cryptocurrencies like Ethereum and Bitcoin.
Analyst Ali Martinez, however, thinks that the reason for the enormous surge in transactions—transactions totaling over $100,000—was probably the increased interest of financial institutions and whales in DOGE.
