99.9% of Crypto Will Definitely Crash, Major Coins Only Drop 90%: Dogecoin Creator

DOGE

DOGE cofounder believes that major coins are protected from going to zero but not 99.9% of all cryptocurrencies

Billy Markus, who created the original cryptocurrency meme, DOGE, in 2013 as a parody of Bitcoin, along with Jackson Palmer, took to Twitter to share an opinion that has been mentioned often on Crypto Twitter lately.

99.9% of crypto will crash to zero, but not major coins

Markus tweeted that out of 500 new coins minted on a daily basis, nearly 100% “will definitely crash.” That is not the case for the leading cryptocurrencies; presumably, he meant Bitcoin, Ethereum and Dogecoin since they usually only go down about 90%.

Markus no longer invests in crypto

About a week ago, Markus also shared on Twitter that he pretty much stopped investing in digital currencies in 2013.

He explained this decision, saying that when most people buy crypto they gamble, partly referring to the fact that the majority of retail investors do not understand the market well and do not study the coins, betting on cryptos that are either being hyped or the ones that the majority of investors are buying.

He also reminded the DOGE Army a few times recently that he hasn’t worked on the development of Dogecoin for a long time and has no plans to take it back or create a new digital currency.

Whales have increased their DOGE holdings

According to WhaleStats crypto tracking platform, the largest 100 whales on the BNB Chain have added $2 million worth of Dogecoin to their comprised stash of this meme crypto.

Now the wallet holds a total of $17,005,992 in DOGE, or 1.14% of their wallet.

On Thursday of last week, the whale “Martian Manhunter” made an acquisition of Dogecoin, buying a large amount of it. A staggering 68,000,000 meme coins worth $5,684,188 were added to his wallet.

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