Dogecoin Creator Reacts as Crypto Jumps on New 'Helicopter Money' Rumor

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5 hours ago

The cryptocurrency market found a reason to be optimistic again, and this time not from thin-air narratives or ETF paperwork but from a surprisingly loud rumor about a fresh batch of so-called "helicopter money" hitting American households, which instantly pushed Bitcoin from $101,000 to $104,000 in a matter of hours and sent Dogecoin up almost 5% before the move faded. 


Billy Markus stepped in here — the Dogecoin creator himself — noting that the reaction was exactly what one should expect since "everyone knows it'll be used stupidly."


i do like how this rumor made crypto go up briefly since everyone knows it’ll be used stupidly https://t.co/C5CGuu6o58

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The whole story started after financial newsletters claimed that Americans making under $100,000 per year might soon receive $2,000 tariff-linked payouts — not classic monetary emission but still enough to spark speculation that a chunk of this money would flow straight into crypto.


The numbers


Such expectations are not baseless: on Binance, BTC spot volume jumped from $8.3 billion to $11.1 billion, funding rates across majors slipped negative for almost half a day and a cascade of forced buybacks helped Bitcoin reclaim about $3,000 from recent lows without any major news attached.


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Thu, 11/13/2025 - 08:32 Morning Crypto Report: XRP ETF to Launch Today? Nasdaq Certifies Listing, Top Trader Predicts Bitcoin Price Plunge to $86,000, Vitalik Buterin Signs Trustless ManifestoByGamza Khanzadaev


However, the excitement evaporated almost as quickly as it appeared. Bitcoin continues to trade inside a tight $98,900-$106,200 range, well below its late-October high near $118,000, while Dogecoin — even with the rumor-driven bump — remains 22% under its recent peak.


Derivatives liquidations stayed moderate at $58 million — hardly the sign of real trend reversal — and stablecoin inflows to exchanges barely moved, climbing just 0.7% for the week.


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