U.Today – Billy Marcus, one of the two founders of the original meme cryptocurrency founded in 2013, says that, along with the rest of the cryptocurrency market, Dogecoin is facing significant I published a post commenting on the price drop. Last 24 hours.
On social media, Marcus is widely known by the alias Shibetoshi Nakamoto. In this post, I mentioned the popular acronym “WAGMI” which stands for bullish and optimistic.
Marcus' ironic reaction to the collapse of BTC, DOGE, and ETH
Marcus, known for his playful, sarcastic, and often tongue-in-cheek comments on cryptocurrency market volatility, responded in his own typical way. Marcus published a post with a chart of three of his top 10 cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, and wrote in capital letters “I'm glad I quit my job” on the post.
In that screenshot, Bitcoin has fallen below the $98,000 level, but in the past hour the world's leading cryptocurrency has fallen to $96,076 per coin, extending the selloff. Overall, this represents a 6.45% decline from the $102,000 price mark since Thursday.
Dogecoin, the brainchild of Shibetoshi Nakamoto, has tumbled further, dropping almost 17% from $0.36668 to $0.30491, and is now changing hands.
Ethereum, the second-largest cryptocurrency by market capitalization, experienced an 11.2% crash, plummeting from $3,711 to $3,301 at the time of writing.
The crypto market is facing staggering losses as $1.2 billion worth of cryptocurrencies disappear. The liquidation of long positions accounted for most of the loss, which amounted to $1.07 billion in the wake of Federal Reserve Chairman Jerome Powell's speech in which the U.S. central bank aimed for a sharp reduction in interest rates. The next easing will be 25 basis points instead of 100 basis points, as expected by crypto enthusiasts and the financial community in general.
“WAGMI” from DOGE co-founder
In a comment thread, one X user wrote the popular acronym “WAGMI.” It means “all will be well” and is used to encourage or add optimism during difficult times regarding world events, as well as cryptocurrencies and traditional financial markets. The world and personal life in general.
Shibetoshi Nakamoto responded by posting an animated GIF agreeing with that statement. But that reaction seems rather ironic.
This article was originally published on U.Today
