Billy Markus Trolls Mainstream Media With Mysterious "Crypto Crash" Chart

Billy Markus, a famous X personality who cofounded the iconic meme cryptocurrency Dogecoin in 2013, has intrigued his 2.2 million followers

Billy Markus, a famous X personality who cofounded the iconic meme cryptocurrency Dogecoin in 2013, has intrigued his 2.2 million followers on the X platform, with a chart showing a price of unnamed asset going down rapidly.

As Shibetoshi Nakamoto, a playful pseudonym based on the name of the enigmatic Bitcoin creator, Markus is known for his ironic posts and cryptocurrency-related content. Recent data shows that he holds a major DOGE rival, Shiba Inu.

Mysterious "crypto crash" chart from Markus

The chart shows what seems to be a price decline, and it looks enormous, with the unknown asset going down so rapidly. However, at the bottom of the trajectory the figure says 0.5%. In this way, Markus is likely trolling mainstream media that loves to comment on marginal declines of crypto prices, especially Bitcoin, referring to them as “crashes.”

@ZachWarunek biblically accurate snapshot of the current crypto sentiment pic.twitter.com/R9G036R8Hb

— Billy Markus (@BillyMarkus) August 17, 2023

The crypto community’s reaction was mixed; some did not get the message immediately and asked Billy Markus for clarification and also to publish the link to the chart he depicted.

Some asked the Dogecoin founder what cryptocurrency he meant exactly when publishing his tweet.

What coin is this? I’m not keeping up with the news today and I’m very interested in knowing!

— Crypto Edu (@CCryptoEdu) August 17, 2023

Markus replied to one user in particular, stating that the chart was not a scam and adding that he would prefer to be ignored.

It's not a scam, I wish people would leave me alone and just ignore me.

— Billy Markus (@BillyMarkus) August 17, 2023

The post itself was a reaction to another X user, Zach Warunek, who shared a post about the current state of crypto in response to a question about the best advice someone could give to someone entering the markets for the first time.

"Don't listen to any of us, we're all terrible at giving advice," said Warunek. "It's best to come to your own conclusions and if you're lucky, you might be able to make some money along the way."

DOGE founder holds Shiba Inu

Notably, data shared by Arkham Intelligence shows the contents of a wallet that belongs to Billy Markus and, as of now, it contains zero Dogecoin. However, in October last year, he tweeted that he still held 226,317.86 DOGE.

But a careful look at the Arkham data now shows no signs of Dogecoin in that wallet. Instead, it contains many small cap cryptos, including 0.227 ETH and 100,000 Shiba Inu. SHIB is the second-biggest meme coin by market cap size after Dogecoin, and at the very beginning, it positioned itself as a “Doge killer.”

Markus also holds almost 70,000 Grok, 200 APE, 274.449 NEIRO and a whole PEPE coin, among others.