PakGazette: Billy Markus, one of the two founders of the original meme cryptocurrency, launched in 2013, published a post commenting on the massive price drop he and Dogecoin, along with the rest of the cryptocurrency market, are facing during the last 24 hours.
On social media, Markus is widely known under the alias Shibetoshi Nakamoto. The popular acronym “WAGMI” was mentioned in this post, which is supposed to be bullish and optimistic.
Markus reacts sarcastically as BTC, DOGE and ETH fall
Known for his funny, wry, and often sarcastic comments related to cryptocurrency market volatility, Markus responded in his typical manner. Posting a post with a chart showing three of the top 10 cryptocurrencies, including one he created (Bitcoin, Ethereum and Dogecoin), Markus wrote in his X post in all caps: “SO GLAD I QUIT MY JOB.”
In that screenshot, Bitcoin fell below the $98,000 level, but in the past hour, the world’s flagship cryptocurrency extended its decline by dropping to $96,076 per coin. Overall, since Thursday, this constitutes a drop of 6.45% from the price of $102,000.
Shibetoshi Nakamoto’s brainchild, Dogecoin, has plunged even harder, falling nearly 17%, from $0.36668 to $0.30491, where it is currently changing hands.
The second-largest cryptocurrency by market capitalization, Ethereum, has seen a drop of 11.2%, rapidly falling from $3,711 to $3,301 at the time of writing.
The cryptocurrency market has faced staggering losses as $1.2 billion worth of cryptocurrencies have been wiped out. Among them, liquidations of long positions made up the bulk of the losses: $1.07 billion triggered by Federal Reserve Chairman Jerome Powell’s speech that the US central bank intends to sharply reduce interest rate cuts. interest rates. The next easing will be 25 basis points instead of 100, as expected by cryptocurrency fans and the broader financial community.
“WAGMI” from DOGE co-founder
In the comment thread, an to events in the world. world and individual life in general.
Shibetoshi Nakamoto reacted by posting an animated GIF to agree with that statement. But that answer also seems quite ironic.
