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My Doge, the overseer of the DogeCoin wallet developer, made a heavy donation recently of Doge Coins to the DogeCoin Foundation.
The DogeCoin foundation revealed this in a post on the social media platform Twitter to reveal the generous tip of One Million Doge, which is estimated at about $14,000. This generous donation was made by MyDoge.
“Wow! Speechless! Thank you @MyDogeOfficial for this incredibly generous 1,000,000 Dogecoin tip! It’s been amazing to see the community re-energized this past year and projects like yours spring up. We love everything you’ve been doing!,” Dogecoin Foundation stated in a Tweet.
According to MyDoge, they donated as part of an attempt to empower DOGE to become the currency of the people, which is possible through the execution of significant upgrades.
“We hope other shibes join us in helping support their mission to make $doge the people’s currency and Do Only Good Everyday. #MyDogeTip1M,” MyDoge described in its announcement.
In recent times, Dogecoin has been hinted to become the people’s currency because of its widespread acceptance across many parts of the world.
The well-known memecoin began as an internet joke, which debuted in the year 2013 and has been accepted in payment and as an investment vehicle.
The cryptocurrency has also gained the support of several popular figures such as Mark Cuban, the current owner of the NBA team Dallas Mavericks, and Tesla’s Elon Musk.
Meanwhile, as many people are optimistic that Dogecoin would one day become the currency of the people, Vladimir Tenev, Robinhood’s co-founder, emphasized on some major things which are the cryptocurrency’s developers need to make improvements to make this dream a reality.