Dogecoin Co-Founder Billy Markus Pays for Vegas Loop Ride with DOGE, Calls It ‘Most Crypto Thing’

1 hour ago 2 sources positive

Key takeaways:

  • Dogecoin's real-world adoption highlights long-term potential, yet macro pressures suppress near-term price action.
  • Declining open interest in DOGE signals fading trader confidence, increasing downside risk.
  • Regulatory delays and tech sector weakness overshadow meme coin adoption, curbing short-term upside.

Dogecoin co-founder Billy Markus, known online as Shibetoshi Nakamoto, shared what he described as “the most crypto thing” he ever did — paying for a ride on the Las Vegas Loop using DOGE. The lighthearted revelation came in a reply to a question from investment platform ITrustCapital, which had asked its followers about the “most crypto thing” they did over the weekend.

“I bought a ride in the Vegas Loop with Dogecoin (tho that was not this weekend but still it was the most crypto thing xD),” Markus tweeted. The comment quickly gained attention, rekindling memories of a notable adoption milestone: in July 2022, Elon Musk’s Boring Company surprised the crypto community by enabling Dogecoin as a payment method at its first Loop station outside the Las Vegas Convention Center. The transit system allows passengers to pay for rides with the meme-based cryptocurrency, and Markus’s experience is a direct taste of that real-world utility.

The Dogecoin co-founder also weighed in on the current market mood. Amid a wider crypto selloff that wiped out $604 million in liquidations and pushed Dogecoin down 3.57% to $0.07, Markus described Bitcoin’s continued downturn as “really boring” and criticized the lack of attention span in the space. The market’s risk-off sentiment was compounded by a sharp drop in South Korean chipmaking stocks and the U.S. Senate’s delay of the Clarity Act ahead of the August recess.

Still, Markus’s playful Vegas Loop payment underscores real utility for Dogecoin, even as the meme coin struggles with declining open interest and short-term price weakness.

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