Citing Bijié Wǎng, a prominent DOGE developer, Mishaboar, has warned the community to remain vigilant against fraudulent projects and individuals falsely claiming to represent the DOGE ecosystem. He emphasized that no individual or organization can officially represent Dogecoin, as it is a decentralized cryptocurrency. Mishaboar criticized centralized entities using the DOGE name to promote financial products like DOGE bonds, ETFs, and loan schemes, calling them 'high-risk IOUs' that put investors at risk. He urged retail users to avoid such schemes and not fall for emotional marketing promising easy returns. Meanwhile, DOGE's price rose 4.89% in the past 24 hours to $0.1830, with trading volume increasing by 31.33% to $2.01 billion, driven by optimism around ETF applications and positive news on the U.S. government shutdown.
DOGE Developer Warns Against 'Official' Representatives and Scams
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