The massive rally seen in the crypto money industry in 2021 enabled cryptocurrencies to rise significantly in the general picture, led by Bitcoin (BTC). In the period of May 2021, while the rally in question reached its peaks, the most intense periods of the bull run were felt in May 2021. In this process, while Bitcoin was moving towards new price records, the popular meme token Dogecoin (DOGE), whose name millions of people heard for the first time in the market, also climbed to an all-time high price level in May.

Dogecoin, which has become one of the most successful cryptocurrencies of 2021, has also received the support of Tesla and SpaceX CEO Elon Musk, and billionaire businessman Mark Cuban, owner of the NBA teams Dallas Mavericks.

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Jackson Palmer, one of the founders of Dogecoin, made critical statements to Insider. Palmer accused Mark Cuban, a billionaire businessman and owner of the NBA team Dallas Mavericks, known for heavily supporting Dogecoin, and a few other names of "fraud". Among the names Palmer blamed were Cuban, as well as names such as billionaire Marc Andreessen and investor Chris Dixon. In a statement, Palmer acknowledged that Mark Cuban as a prominent figure was not paid to promote cryptocurrencies, but added that “Cuban has been made to believe that this kind of thing is the future.”

In the continuation of his statements, Jackson Palmer suggested that this is seen as “a way to continue to actively profit” and said, “They want to be the people who have control or have large stakes in this type of complex and formidable cryptocurrency.” Mark Cuban, who made statements after Palmer's accusatory statements, denied these accusations and said, "It's like what is said about every new technology I'm involved in."

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On the other hand, Dixon, who runs Andreessen Horowitz's crypto fund, said in August that he sees cryptocurrencies as "a way to take power away from big technology." Created by Marc Andresseen, this fund has also invested in more than 50 crypto startups.

In early 2022, Mark Cuban stated that 80 percent of his current investments, which are not included in ABC's Shark Tank, are related to cryptocurrencies. On the other hand, Jackson Palmer, the co-founder of Dogecoin, stated in his statement that he did not earn even a cent from crypto money, despite being the co-founder of Dogecoin, which reached its peak in 2021 and currently has a market value of $ 7.84 billion. Palmer has stated at every opportunity that he sees cryptocurrencies only as “a hobby”. On the other hand, Mark Cuban, as it will be remembered, started to accept Dogecoin, which he said he supported, as a means of payment for spending in the stores of the Dallas Mavericks club.