Billy Markus, who created the cryptocurrency, cashed in all of his Dogecoin in 2015 to buy a Honda Civic. Since then, Dogecoin has reached a market cap of $9.1 billion, up 1400% so far in 2021. Markus, who is 38 years old, works as a software engineer in the Bay Area.
Markus wants people to know he is no longer involved in the project and "can't limit the coin's supply to help make them rich," according to Bloomberg.
He wrote in an open letter on the r/Dogecoin subreddit this week: "I'm no longer part of the Dogecoin project, I left around 2015 as the community started to strongly shift from one that I was comfortable with. I don't currently own any Dogecoin except what has been tipped to me recently, I gave away and/or sold all the crypto I had back in 2015 after being laid off and scared about my dwindling savings at the time, for about enough in total to buy a used Honda Civic."
He told Bloomberg: "I see this random crap on the internet saying I have all this money. That's cool, but where is it? I'm a normal working person. I'm not in trouble or anything, but I'm not rich."