Dogecoin Dev: No Official DOGE Rep, Beware Risky IOUs During Rally
Dogecoin developer Mishaboar cautions traders that no individual or organization can officially represent the fully decentralized Dogecoin (DOGE). He warns against so-called “official” products—such as DOGE treasuries, ETFs and loan programs—that function as risky IOUs and expose investors to potential total loss. Mishaboar’s message underscores the need for due diligence and maintaining direct control of assets. Meanwhile, DOGE rallied 4.89% to $0.183, with trading volume up 31.33% to $2.01 billion, driven by ETF filing optimism and positive U.S. government shutdown news. Traders should stay vigilant, prioritize decentralization, and avoid scams to protect their holdings and confidence in Dogecoin.
Bullish
The warning from Mishaboar reinforces investor caution but did not dampen market enthusiasm. DOGE’s 4.89% price gain and 31.33% volume surge reflect bullish sentiment driven by ETF optimism and positive U.S. government shutdown news. In the short term, traders may remain cautious about risky IOUs, yet the rally suggests strong demand and confidence in DOGE’s decentralization narrative. Long term, clear warnings against scams bolster trust and could support sustained adoption and price stability, maintaining bullish momentum.