Billy Markus, co-creator of the popular meme-inspired cryptocurrency Dogecoin (DOGE), has commented on a statue of the cryptocurrency’s Shiba Inu mascot that was placed in front of the iconic “Charging Bull” sculpture in New York’s financial district.

On social media, Markus acknowledged the Shiba Inu statue is real. Its placement is symbolic, as retail investors have been recently been betting on Dogecoin and other meme-inspired coins. These have often seen their value surge.

The Charging Bull bronze statue was put in front of Wall Street back in 1987 as a symbol of America’s resilience after that year’s massive stock market crash. It was created by artist Arturo Di Modica, according to Benzinga.

When another Twitter user asked Markus what was his interpretation of the statue, he said he believes it means “Shiba don’t fear Wall Street.” Over the last few months, the price of DOGE has been surging, partly thanks to tweets from Tesla CEO Elon Musk joking about the cryptocurrency. Other celebrities, including Kiss singer Gene Simmons and billionaire Mark Cuban, also tweeted about it.

The price of DOGE has over the last 30 days outperformed both BTC and ETH, and only started dropping after Musk appeared as a guest host on U.S. TV’s comedy sketch show Saturday Night Live. During his appearance, he said Dogecoin is “a hustle.”

Source: CryptoCompare

Dogecoin’s rally has seen other meme-themed cryptocurrencies appear. Shiba Inu (SHIB) is a notable example. The Ethereum-based token has seen its price surge after being listed on major cryptocurrency trading platforms, even as exchanges warned the coin “poses a higher than normal risk.”

As CryptoGlobe reported, earlier today Musk asked his nearly 55 million followers on Twitter whether Tesla should add Dogecoin as a payment method. Respondents overwhelmingly picked “yes.”

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
Featured Image via