"All Price Dumps Are Manipulation": Dogecoin Founder Reacts to Crypto Crash

Billy Markus, creator of Dogecoin, has just torn apart the manipulation accusations that bloom after every crypto crash. His sarcastic message on X is timely: the market just lost 200 billion dollars in 24 hours. Who to blame this time?

Dogecoin creator dismantles conspiracy rhetoric

Billy Markus chose the perfect moment to speak out. As the crypto market passes through turbulent territory, the Dogecoin creator published a biting message on X. His target: those investors who shout manipulation whenever prices drop, but celebrate rises as “organic” movements.

“remember, all dumps are manipulation, and all pumps are super organic“, he ironized.

This sentence perfectly sums up the double standard reigning in crypto. When Bitcoin rises 10%, social media ignites with “To The Moon!” But when it falls 5%, the same people immediately accuse “whales” of manipulating the market.

Markus points to a reality many refuse to accept. Price movements result from a complex combination of factors: investor sentiment, geopolitical news, macroeconomic data, large wallet activity. Reducing every drop to an orchestrated conspiracy is magical thinking. The crypto market remains young and volatile; it’s in its nature.

This stance comes in a particular context. China reaffirmed its hostile stance toward cryptos, while American investors await the speech from Jerome Powell, Federal Reserve chairman. These macroeconomic factors weigh heavily, far more than supposed maneuvers by a few large investors.

DOGE in turmoil despite the arrival of its ETF

Dogecoin is going through a paradoxical period. The meme crypto lost 7.36% of its value in 24 hours to trade at $0.1381. This 9% drop at its lowest point far exceeds Bitcoin’s fall, which dropped 4.85% to $86,832.

Trading volumes reveal the prevailing panic. They exploded 136.66% to reach 1.44 billion dollars. Traders massively liquidate their positions, fearing a deeper correction. This flight illustrates the market’s psychological fragility: as soon as the trend reverses, fear takes over.

Yet, a glimmer of hope exists. The NYSE recently certified the Bitwise Dogecoin ETF, paving the way for its imminent launch. This ETF could attract institutional capital and stabilize the price in the medium term. However, for now, this positive news is not enough to counter the bearish wave hitting the entire sector.

Billy Markus’s message goes beyond a simple sarcastic tweet. He invites the crypto community to mature, to stop looking for imaginary culprits at every market movement. 

Cryptos remain risky assets, subject to violent cycles of rises and falls. Accepting this reality is the first step towards a more rational approach to crypto investing. As long as investors confuse natural correction with conspiracy, the market will remain captive to its own emotions.