Powell's speech struck the virtual currency market like a thunderbolt, directly triggering a collapse. Mainstream coins have plummeted one after another, and meme coins are even more unable to resist. Dogecoin, Shiba Inu Coin, Baby Dogecoin, and Pepe backed by Musk all declined, and the market enthusiasm cooled down instantly.
However, amid the panic, the Squidcoin community showed amazing resilience. There are only 6 days left before the second season of "Squid Game" is released. Not only have the members of the Squid Coin community not wavered, but they have become more united. They are unanimous in their external cooperation, from community governance to technology development, division of labor and cooperation, striving to stabilize Squid Coin in this crisis. They are not only part of the currency ecosystem, but also try to create a symbol of "squid culture".
Musk’s speeches have influenced the trend of meme coins many times, but this time, will Powell’s cold words bring a complete winter to the market? Can Squid Coin rely on the cohesion of the community to swim upstream? What do you think?
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