![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-120x86.jpg)
Recently, Billy Markus, co-creator of the popular meme-inspired cryptocurrency Dogecoin, went after members of the $DOGE community that have been attempting to “ruin” the community from the inside.
Dogecoin was initially released on 6 December 2013, as a “fun and friendly internet currency.” It was created by Billy Markus and Jackson Palmer. It is “a decentralized, peer-to-peer digital currency” that has as its mascot “Doge”, a Shiba Inu (a Japanese breed of dog).
Since then, its popularity has substantially increased, especially this year, mostly thanks to support by billionaires Elon Musk (the CEO of Tesla and SpaceX) and Mark Cuban, to the point that it is currently the 12th most valuable cryptocurrency, with a market cap of over $25.37 billion.
In a tweet published on Tuesday (December 21), Markus vented his frustration with the behavior of a subset of the $DOGE community, saying their actions contributed to “counterproductive tendencies.”
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-350x250.jpg)
