In what came as a shock to many enthusiasts, Dogecoin co-founder Billy Marcus revealed that he is no longer a member of the world’s largest meme development team.

Today on Twitter in an effort to inform his new followers, Marcus revealed that he is no longer one of the main developers of memecoin and they should know it.

Since a lot of new people are following me, want to clarify a few things:

– I don’t work on Dogecoin anymore, haven’t done it in 7.5 years, and I won’t do it again

One goal here is just to help people see the cryptocurrency market for what it is. Doing it in an entertaining way is a bonus.

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—Shibitoshi Nakamoto (@BillyM2k) May 19, 2022

The Dogecoin founder said he had not worked on the project in nearly eight years as it was focused on helping people see the entire cryptocurrency market in its true nature, tweeting:

Since a lot of new people are following me, I want to clarify a few things:

I’m no longer working on Dogecoin, haven’t done it in 7.5 years, and won’t do it again.

My only goal here is to help people see the cryptocurrency market for what it is.

Marcus noted on Twitter that doing so in an entertaining way is a bonus.

Dogecoin founder focuses on the entire crypto market:

With Marcus not working on the Dogecoin project for seven and a half years, he says he has channeled his energy into helping people see the cryptocurrency market for what it is, in order to gain a perfect understanding.

According to him, his lessons in the cryptocurrency market focus on why the crypto market is a mixture of hope, panic, tricks, hype, irrationality, gambling and absurdity, with a tiny bit of utility scattered around it.

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Marcus remains committed to Dogecoin despite his recent statement.

Despite not working on Dogecoin for nearly eight years, Marcus stated that memecoin is in a better and healthier place than it was a few years ago.

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He praised the developers who have continued to launch significant projects on the Dogecoin ecosystem as part of efforts to promote widespread adoption of the coin.

Although Marcus may not be working on Dogecoin as he claims, he has not stopped defending cryptocurrencies from illicit actors as well as promoting their widespread adoption.

Marcus is one of the pioneers pushing for Dogecoin to be added to Twitter’s Tipping Jar service, which he believes will boost adoption of the coin.

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