Dogecoin Product Lead Highlights Efforts To Spread FUD About The Good Boy: ‘Some Organizations Want It To Fail’

“Our community has been gutted repeatedly by these kinds of people who don’t even consider (or perhaps don’t care) why someone would pay for this service, or the lives ruined.. they have blood on their hands,” Stebbing added, calling into question the principles of those deliberately spreading FUD about the memecoin.

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See Also: Why ‘Shiba Inu On Solana’ BONK Is Outperforming Dogecoin, Dogwifhat, But Traders Should ‘Avoid Chasing Green Candles’

Stebbing stated, “Our community has been gutted repeatedly by these kinds of people who don’t even consider (or perhaps don’t care) why someone would pay for this service, or the lives ruined… they have blood on their hands.”

Why It Matters: These allegations come in the wake of a significant rebound for the dog-themed memecoin on Monday.

A prominent cryptocurrency trader stated recently that while Dogecoin has witnessed a steep correction, the worst could be over if one were to take historical patterns as guidance. However, if Bitcoin is topped out and enters a bear market, the bullish narrative for Dogecoin could be invalidated.

Price Action: At the time of writing, DOGE was exchanging hands at $0.1075, following a 5.5% jump in the last 24 hours, according to data from Benzinga Pro. 

Photo Courtesy: Shutterstock.com

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.