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Not long ago, Elon Musk announced that he would take DOGECOIN (DOGE) to the moon. Quick advance at two weeks later, and Doge’s price lost 40% in less than three days.
Prices collapse in the middle of a liquidation event of 2.2 billion dollars wider, widely pulled by the current pricing voltages. The sale has led to several assets, but for many, the objective landed on Dogecoin. Investors wanted answers. Some have turned to Musk. Others have looked Billy Markus – Better known as Shibetoshi Nakamoto – One of the original creators of Doge, alongside Jackson Palmer.
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Markus had no interest in explaining. His answer has been short and direct: the market dynamics are not magic, and people should know it now.
That was it. No additional breakdown, no attempt to calm investors. Just a bruising dismissal.
Not surprising. Markus, although he is a key figure in the creation of Dogecoin, has moved away from the project for years. He often reminds people that he has no control over the price, management or adoption of the room. However, when things go south, questions always find their way to him.
Meanwhile, Doge has shown a certain resilience. After reaching an intraday low of $ 0.20, it rebounded by 26%. A small recovery, but not enough to erase concerns about the global market trend.
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For the moment, the same piece has stabilized. The wider feeling? Always trembling. But if history is an indication, Mastiff prosperous on unpredictability.
In the end, it seems that Musk and Markus are content to let the market make its thing – no necessary explanation. The fact that the future of Dogecoin remains brilliant or not is always in the air.