A well-known Dogecoin developer is sounding the alarm over a fresh wave of scams attempting to exploit the DOGE name and its loyal community.
As meme coins remain a hotbed for hype and speculation, shady actors are increasingly trying to piggyback off Dogecoin’s popularity to push unaffiliated tokens.
Using the handle ‘inevitable360’, the pseudonymous developer took to social media to alert followers about misleading projects that falsely suggest ties to the Dogecoin ecosystem. He emphasized that these token promotions are not connected to Dogecoin, which operates on its own blockchain and should not be confused with newly minted digital assets lacking similar foundations.
One such example drawing attention is “Dogevan,” a project some users are promoting as if it aligns with the Dogecoin brand. While details remain vague, the developer made it clear that Dogevan is not officially affiliated with Dogecoin, cautioning community members against assuming legitimacy based solely on name association or community-themed marketing.
According to the developer, real cryptocurrencies like Dogecoin and Bitcoin are fundamentally different from tokens launched without native blockchains. These established coins are backed by technical infrastructure and public verification, while speculative tokens can be spun up quickly and used for questionable fundraising or deceptive marketing tactics.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/dogecoin-developer-warns-of-impersonator-scams/