[Dogecoin founder makes important statement on cryptocurrency massacre]
The recent cryptocurrency crash has shocked the entire community, with more than $500 billion wiped out of total market capitalization in the past two days. Billy Markus, the founder of Dogecoin, gave a humorous response to the incident.
Marcus posted on social media platform X criticizing major news headlines for failing to reflect the market's sentiment. He shared a screenshot showing two news headlines discussing bullish sentiment following the launch of an Ethereum spot ETF. Marcus believed that these reports failed to keep up with the cryptocurrency tumble, and he, who is known for his humor and satire, publicly criticized these media headlines for failing to reflect market sentiment well.
Marcus, known as Shibetoshi Nakamoto on X, responded to the market crash with humor in another post. An X user shared a screenshot of Google Translate showing that "kamala" means "terrible" in Finnish, mocking American politician Kamala Harris. Marcus responded by saying that the cryptocurrency market looks very "kamala," emphasizing that market conditions are very bad.
The Dogecoin founder used humor and irony to highlight the recent deterioration of the market, which has seen millions of dollars liquidated. The cryptocurrency market experienced a huge crash on Sunday and continues to fall today. The situation was triggered by recent poor employment data and stagnant growth in technology stocks. In addition, concerns about a global economic recession have once again intensified.
