Well we probably all know that Dogecoin started as a joke and that it was based on the famous meme that time Doge. It was in response to the emergence of Bitcoin to indicate that digital currency was a joke at that time
After Dogecoin's success and its rival meme coin SHIB. More and more meme coin are being created.
However, this did not go down well with the co-founder of Dogecoin, Billy Markus, he criticizes the push by the current generation of developers who are looking to get rich in no time through the creation of meme coins. Some are even Rug pulls.