Shibetoshi Nakamoto, Dogecoin creator, sent a fuming waring to DOGE influencer and famous YouTuber Matt Wallace. Shibetoshi cautioned that Dogecoin Foundation is looking into taking legal action against him the Youtuber over trademark violation.
Why Shibetoshi is so fired up?
Matt Wallace is a supporter of Dogecoin, who promotes the biggest meme coin through his social media presence. As per reports, Matt recently revealed that he is planning to encourage the adoption of dogecoin payments by educating the retailers. For this initiative, he aims to raise funds by developing a new token dubbing Dogecoin.
DOGE creator didn’t like this idea and sensed something fishy. He called out the long-term Dogecoin supporter on social media, warning him of the legal actions that can be taken by the team. Shibetoshi mentioned that Matt is literally breaking the law and by doing this, he is not helping dogecoin.
Knock it off with this “positivity” thing. There is nothing positive about being a criminal, the thing you are doing, he said
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To avoid any trouble ahead, the DOGE creator advised him to not release the trademark violation token and asked him to stop talking about the coin. He further added that Dogecoin people wouldn’t care he you stopped shilling DOGE.
Raise funds through DOGE
Another DOGE enthusiast, Doge Whisperer, raised a serious question targeting Matt. He asked that if you are building a team to educate retailers for accepting Doge then why are you creating a new token instead of raising capital in Doge?
On the market side, Dogecoin is just existing in the market as there have been no recent promotions or updates to boost the coin’s price. The world’s largest meme-coin surged by over 6% in the last 7 days, Doge is trading at an average price of $0.121, at the press time. It has a 4-hour trading volume of $506,802,023. According to CoinMarketCap, Dogecoin is the 13th largest coin with a market cap of over $16 Billion.
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