Dogecoin Creator Reacts as Crypto Jumps on New 'Helicopter Money' Rumor
The cryptocurrency market experienced a brief surge driven by rumors of potential $2,000 tariff-linked payouts to Americans earning under $100,000 per year, sparking speculation these funds might flow into crypto. This caused Bitcoin to rise from $101,000 to $104,000 and Dogecoin to increase briefly by almost 5%. Binance's BTC spot volume spiked, but the excitement subsided quickly, with Bitcoin trading within $98,900-$106,200 and Dogecoin remaining 22% below recent highs. The market's reaction, despite initial optimism, lacked significant follow-through, with moderate derivatives liquidations and stablecoin inflows barely changing.
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Rumors Fueled Optimism in the Cryptocurrency Market
The cryptocurrency market found a reason to be optimistic again. This time, it wasn’t due to thin-air narratives or ETF paperwork but rather a surprisingly loud rumor about a fresh batch of so-called "helicopter money" targeting American households. This news caused an instant surge in major cryptocurrencies: Bitcoin jumped from $101,000 to $104,000 in a matter of hours, while Dogecoin climbed nearly 5% before the momentum faded.
Dogecoin Creator Reacts
Billy Markus, the creator of Dogecoin, commented on the market's reaction. He noted that the spike in prices was predictable because, in his words, "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" — Shibetoshi Nakamoto (@BillyM2k) November 13, 2025
This highlights the community's humorous yet skeptical perspective about such market movements.
The Source of the Rumor
The story originated from financial newsletters claiming that Americans earning under $100,000 per year might soon receive $2,000 tariff-linked payouts. While this wouldn’t be a classic case of monetary emission, it sparked speculation that a significant portion of these funds could flow directly into cryptocurrencies, reigniting short-term market enthusiasm.
Market Reaction and Key Numbers
The expectations weren’t entirely baseless. On Binance, Bitcoin’s spot trading volume increased from $8.3 billion to $11.1 billion. At the same time, funding rates for major cryptocurrencies turned negative for almost half a day. This led to a cascade of forced buybacks, helping Bitcoin recover roughly $3,000 from its recent lows — all without any major news driving the trend.
Short-Lived Excitement
However, the excitement faded quickly. Bitcoin is now trading in a tight range between $98,900 and $106,200, which is significantly below its late-October high of $118,000. Similarly, even with its brief surge, Dogecoin remains 22% lower than its recent peak.
Lack of Long-Term Impacts
Despite the brief optimism, key market indicators suggest that a real trend reversal never materialized. Derivatives liquidations were moderate at $58 million, stablecoin inflows to exchanges rose by only 0.7% for the week, and the overall market remained subdued.