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Not long ago, Elon Musk announced that he will take Dogecoin (DOGE) to the moon. Fast forward to two weeks later, and the price of DOGE has lost 40% in a less than three-day span.
The price collapse came amid a broader $2.2 billion liquidation event, largely driven by ongoing tariff tensions. The sell-off dragged down multiple assets, but for many, the focus landed on Dogecoin. Investors wanted answers. Some turned to Musk. Others looked to - better known as Shibetoshi Nakamoto - one of DOGE’s original creators, alongside Jackson Palmer.
Markus had no interest in explaining. His response was short and direct: market dynamics are not magic, and people should know that by now.
That was it. No further breakdown, no attempt to calm investors. Just a blunt dismissal.
Not surprising. Markus, despite being a key figure in Dogecoin’s creation, has distanced himself from the project for years. He often reminds people that he has no control over the coin’s price, direction or adoption. Yet, when things go south, questions still find their way to him.
Meanwhile, DOGE showed some resilience. After hitting an intraday low of $0.20, it bounced back 26%. A small recovery, but not enough to erase concerns about the overall market trend.
For now, the meme coin has stabilized. The broader sentiment? Still shaky. But if history is any indication, Dogecoin thrives on unpredictability.
In the end, it seems that Musk and Markus are content to let the market do its thing — no explanations needed. Whether or not Dogecoin’s future remains bright is still up in the air.
InkByte Editorial Team
Dan Burgin
