Dogecoin’s co-creator presently owns only $40,000 of the meme token and claims to have no involvement with it.

Billy Markus, the co-creator of Dogecoin, disclosed that he owns over 220,000 of the meme cryptocurrency, which is almost $40,000 at Tuesday’s pricing.

Despite continuously tweeting about the currency, he also stated that he no longer has any involvement with it.

“Yet another reminder: I don’t speak for dogecoin,” Markus tweeted to his nearly one million followers Sunday. “I am not on the project. I am a community member. I hold about 220k doge.”

In response to a criticism, he said he will “never” work on the token again in a follow-up tweet.

“I never will. Working on a crypto project is terrible as I have actually found the more you do for people, the more entitled they get and worse they treat you,” Markus said. “I respect the developers a lot for volunteering to do so for all these years.”

In 2013, he and Jackson Palmer co-founded Dogecoin. Markus stated in February that after being let off in 2015, he sold all of his coins and purchased a used Honda Civic.

In June, however, he declared that he will be purchasing dogecoin, breaching a pledge he made to himself.

“I bought dogecoin after 8 years of vowing never to buy crypto again,” he tweeted. “I have checked the price 7 times so far since then.”

On May 7, Dogecoin, the most searched cryptocurrency on Google this year, reached an all-time high of $0.69 after Elon Musk declared it may be the future of cryptocurrency. As of Tuesday morning, it was trading at $0.18.

Musk has endorsed the dog-themed token on Twitter several times, notably in February when he said he bought some for his kid. The billionaire most recently announced on December 14 that Tesla will begin taking dogecoin for select products, causing the token to jump by as much as 30% that day.

Dogecoin has risen 3,655 percent year to far, powered by a humorous community that sees the cryptocurrency as a sort of disruption to major financial institutions on Wall Street.

Dogecoin has risen 3,655 percent year to far, powered by a humorous community that sees the cryptocurrency as a sort of disruption to major financial institutions on Wall Street.

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