“All price drops are manipulation”: Dogecoin founder reacts to crypto crash

Billy Markus, creator of Dogecoin, has just debunked the accusations of manipulation that flourish after each crypto crash. His sarcastic message about X is timely: the market has just lost $200 billion in 24 hours. Who to blame this time?

Dogecoin creator dismantles conspiracy rhetoric

Billy Markus chose the perfect moment to speak out. While the crypto market is going through a zone of turbulence, the creator of Dogecoin published a scathing message on X. His target: those investors who cry manipulation as soon as prices fall, but celebrate increases as “organic” movements.

“ Remember: all falls are manipulations, and all rises are perfectly organic “, he quipped.

This sentence perfectly sums up the double standards that reign in crypto. When bitcoin climbs 10%, social networks ignite with “To The Moon!” “. But when it falls by 5%, the same people immediately accuse the “whales” of manipulating the market.

Markus points out a reality that many refuse to accept. Price movements result from a complex combination of factors: investor sentiment, geopolitical news, macroeconomic data, large portfolio activity. Reducing each decline to an orchestrated conspiracy is magical thinking. The crypto market remains young and volatile, it is in its nature.

This position takes place in a particular context. China has reaffirmed its hostile stance on cryptos, while American investors await a speech from Jerome Powell, Chairman of the Federal Reserve. These macroeconomic elements weigh heavily, much more than the supposed maneuvers of a few big investors.

DOGE in turmoil despite the arrival of its ETF

Dogecoin is going through a paradoxical period. The crypto meme lost 7.36% of its value in 24 hours to trade at $0.1381. This 9% drop to its lowest point far exceeds that of bitcoin, which fell 4.85% to $86,832.

Trading volumes reveal the prevailing panic. They exploded 136.66% to $1.44 billion. Traders are massively liquidating their positions, fearing a deeper correction. This leak illustrates the psychological fragility of the market: as soon as the trend reverses, fear takes over.

However, a glimmer of hope exists. The NYSE recently certified Bitwise’s Dogecoin ETF, paving the way for its imminent launch. This ETF could attract institutional capital and stabilize the price in the medium term. However, for the moment, this positive news is not enough to counter the bearish wave which is hitting the entire sector.

Billy Markus' message goes beyond a simple sarcastic tweet. He invites the crypto community to mature, to stop looking for imaginary culprits for every market movement.

Cryptos remain risky assets, subject to violent cycles of rise and fall. Accepting this reality is the first step towards a more rational approach to crypto investing. As long as investors confuse natural correction with conspiracy, the market will remain a prisoner of its own emotions.