HomeDogecoin (DOGE) co-founder slams the promotion of rival Floki Inu

Dogecoin (DOGE) co-founder slams the promotion of rival Floki Inu


Crypto influencer SlumDOGE Millionaire tells his 116,000 Twitter followers the next token to blow up is Floki Inu. He added that, for those who missed Dogecoin, $FLOKI represents the “way out.”

However, Dogecoin co-founder Billy Markus responds by implying the tweet is an undisclosed paid promotion, calling SlumDOGE Millionaire “slimy af” for doing so.

Dogecoin regrets set off the hunt for the next big opportunity

Dogecoin took off earlier this year, posting massive gains, off the back of the WallStreetBets saga. This movement set out to “stick it” to Wall Street shorters of GameStop and AMC stock.

This campaign soon found its way into crypto, with Dogecoin selected as the token to pump. As a result, Dogecoin posted YTD gains of 15,000% at its peak, creating wealth for early buyers. And at the same time triggering purists who claim $DOGE is undeserving of its success.

In short, this period turned investing on its head. In that, it demonstrated that making money in crypto, or for that matter stocks, isn’t necessarily based on picking projects with fundamental strength.

Given Dogecoin’s weak fundamentals, it’s unsurprising that many missed out on the gains. In turn, $DOGE’s success has spawned an enduring search for the next big thing. And according to SlumDOGE Millionaire, it’s Floki Inu’s turn.

The process of crypto wealth creation

In selling Floki Inu, SlumDOGE Millionaire described the project as “a way out” from the pressures of life, which is what some early Dogecoin investors achieved.

However, in response, Markus felt it necessary to wade in by saying there is no “way out.” Instead, Markus said crypto wealth creation comes from getting in early and having a continuous flow of new buyers, increasing the price.

Some would say that this describes a Ponzi scheme. Nonetheless, it’s Markus’ view that there is no magic bullet for crypto wealth creation. Only luck in selecting an overlooked token and then for that token to suddenly blow up.

He added that SlumDOGE Millionaire, and his get rick quick narrative on Floki Inu, is “slimy af.”

There’s no such thing as a “way out.”

It’s just early people getting richer, later people getting poorer, unless later people have new later people that will get poorer for them to get richer.

Advertising something like “it’ll make you rich” is slimy af.”

SlumDOGE Millionaire fired back saying Dogecoin was a “way out” for him. However, he also claims that he’s never sold any of his $DOGE, which calls into question how it was a “way out” for him.

He signed off the tweet dismissing any talk of ulterior motives, saying he is genuine in what he says.

Posted In: Dogecoin, Memecoins

CryptoSlate Newsletter

Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits


Please enter your comment!
Please enter your name here


OKX Exchange Web Site Gain Access To Apparently Prohibited by Russia

43 secs ago| 2 minutes check out Exchange Information The IP addresses connected with Okx.com were outlawed. A regional court prevented accessibility to...

Crypto Transfer Function Allowed For Individuals by Telegram

58 secs ago| 2 minutes review Altcoin Information The Open Network (LOT) Structure is accountable for establishing the solution. When offering cryptocurrency, Telegram A...

Prepare for the Release of Upstairs, an NFT Market Providing the very best Customer Experience

The extraordinary increase of NFTs in the last couple of years stunned lots of, however fanatics and also specialists long relied on the...

Blockchain Twitter Application Releases to Bring Decentralized Social to the Publics

Los Angeles, CA, fifth October, 2022, Chainwire Takeaways: An unique web3 social system called Diamond is introducing on DeSo, a brand-new blockchain...

Most Popular