$DOGE Founder Discusses the Major Drop in the Crypto Market!
DOGE's founder Billy Markus recently posted on social media about the significant drops in BTC, DOGE, and ETH prices.
He shared the prices of these coins and remarked, "It's only the third day since I resigned, and seeing the prices drop, I'm actually quite happy about it."
This statement sounds a bit strange, considering the prices are all falling, but he seems to carry a sense of humor.
The prices in the post show that all three coins have dropped significantly, and many people in the market are bearish.
Due to the mass sell-off, there has been a particularly high outflow of funds from Bitcoin ETFs, with short sellers completely dominating.
However, although Billy Markus talks about the drop, it feels like there’s more to his words. Some speculate that he might be looking to buy in at lower prices and then profit once the prices rise again.
This post has sparked a lot of discussions. Some people believe that with the prices dropping now, it’s a good opportunity for everyone to accumulate, preparing for the next bull market.
Bitcoin previously saw prices soar, breaking the $100,000 mark and even reaching $108,200. Many early buyers who bought at low prices made considerable profits and took the opportunity to sell.
Dogecoin's price has also dropped significantly, although it rose 8% within 24 hours, it hit a low of $0.26. However, the market trading volume surged by 107.95%, reaching $13.58 billion.
Some analysts believe that the surge in trading volume indicates that people still have confidence in these coins, possibly preparing for an upcoming market rebound.
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