So, remember when Elon Musk said he’d take Dogecoin (DOGE) to the moon? Well, guess what? The price of DOGE just lost 40% in less than three days. Ouch!
This whole mess happened during a $2.2 billion liquidation event, which was mostly caused by ongoing tariff tensions. But let’s be real, everyone’s eyes were on Dogecoin. Investors wanted answers, and some even turned to Musk. Others looked to Billy Markus, aka Shibetoshi Nakamoto, one of DOGE’s original creators, alongside Jackson Palmer.
market dynamics are not magic, and people should know that by now. 😜
learn how any market works? it ain’t magic
— Shibetoshi Nakamoto (@BillyM2k) February 3, 2025
Not surprising. Markus, despite being a key figure in Dogecoin’s creation, has distanced himself from the project for years. He often reminds people that he has no control over the coin’s price, direction, or adoption. Yet, when things go south, questions still find their way to him.
Meanwhile, DOGE showed some resilience. After hitting an intraday low of $0.20, it bounced back 26%. A small recovery, but not enough to erase concerns about the overall market trend.
For now, the meme coin has stabilized. The broader sentiment? Still shaky. But if history is any indication, Dogecoin thrives on unpredictability. 🤷♀️
In the end, it seems that Musk and Markus are content to let the market do its thing — no explanations needed. Whether or not Dogecoin’s future remains bright is still up in the air. 🌠
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2025-02-03 16:37