Dogecoin Founder Says ‘WAGMI’ Over Bitcoin and DOGE Price Collapse

Billy MarcusOne of the founders of the original cryptocurrency Dogecoin, which was launched in 2013, published a post commenting on the massive price decline that Bitcoin, Ethereum, and Dogecoin, along with the rest of the cryptocurrency market, have faced over the past 24 hours.

Marcus is widely known on social media under the pseudonym Shibitoshi Nakamoto. In this post, the famous abbreviation “WAGMI” was mentioned, which is supposed to be bullish and optimistic.

Marcus reacts with sarcasm to the collapse of BTC, DOGE and ETH

Marcus was known for his fun, sarcastic, and often sarcastic comments regarding the volatility of the cryptocurrency market, in his usual style. He published a post with a graph, where three of the top ten cryptocurrencies are located, including one he created – Bitcoin, Ethereum and Dogecoin – “So glad I quit my job,” Marcus wrote in his post X in capital letters.

In that screenshot, Bitcoin fell below the $98,000 level, but in the last hour, the world’s leading cryptocurrency extended its collapse by falling to $96,076 per coin. Overall, since Thursday, this represents a 6.45% decline from the $102,000 price tag.

Shibitoshi Nakamoto’s brainchild, Dogecoin, has collapsed even further, falling nearly 17% from $0.36668 to $0.30491, where it is currently trading.

The second-largest cryptocurrency by market cap, Ethereum, saw an 11.2% collapse, rapidly falling from $3,711 to $3,301 as of this writing.

He faced the crypto market A staggering $1.2 billion loss in cryptocurrencies It was erased. Of these losses, liquidation of long positions accounted for the majority of losses – $1.07 billion resulting from Federal Reserve Chairman Jerome Powell’s speech that the US central bank intends to significantly reduce interest rate cuts. The upcoming easing will be 25 basis points instead of 100 as expected by cryptocurrency fans and the financial community in general.

Related to

“WAGMI” from the co-founder of DOGE

In the comment thread, one user And the individual’s life in general.

Shibitoshi Nakamoto responded by posting an animated GIF approving this statement. But this response also seems ridiculous.