Dogecoin Founder Blasts Crypto Crash: "All Price Dumps Are Manipulation"

Dogecoin's creator isn't mincing words about the latest market plunge.

### The Accusation on the Table

In a fiery public statement, the founder of the original meme coin labeled the recent sharp downturn as a coordinated act of market manipulation. The claim cuts straight to the heart of crypto's perennial debate: volatility versus foul play.

### Reading Between the Red Candles

His argument bypasses typical explanations like macroeconomic shifts or regulatory jitters. Instead, it points a finger at large, shadowy actors with the power to move markets at will—a classic narrative in an asset class known for its wild swings and, let's be honest, its fair share of pump-and-dump schemes that would make a traditional finance broker blush.

### Why This Take Matters Now

The timing isn't random. When a foundational figure speaks out, it forces the entire community to confront the ecosystem's vulnerabilities. It's a stark reminder that for all the talk of decentralization, concentrated wealth and influence still pull major strings.

So, is the market being played? Or is this just the sound of the speculative bubble deflating? One thing's clear: in crypto, the line between a natural correction and a rigged game remains frustratingly, and perhaps intentionally, blurred.

In brief

• The crypto market dropped 4.87% in 24 hours, erasing 200 billion dollars in capitalization.
• Billy Markus, founder of Dogecoin, mocks the systematic manipulation accusations that follow every drop.
• Dogecoin plunged 7.36% to $0.1381, underperforming even Bitcoin.

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.

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