U.Today - Billy Markus, known on social media as Shibetoshi Nakamoto and the person who cofounded the iconic meme cryptocurrency Dogecoin 11 years ago, is well known for his ironic statements or critiques toward crypto and the market that cryptocurrencies have formed since the inception of Bitcoin .
Dogecoin creator bashes crypto market turbulence
On Dec. 10, Markus made such a statement, bashing crypto on his X page. In it, Billy Markus did not hold back his language when describing the crypto market’s volatility.On Tuesday, Dogecoin plummeted by more than 10% but then printed a 10.22% increase and is currently changing hands at $0.40424. Yesterday, DOGE found a bottom after the 25% price drop it had been facing since Sunday as it dropped from $0.48474.
Bitcoin also lost almost 6% since Sunday, dropping from roughly $100,410 to the $94,500 zone. Overnight, the world’s pioneer cryptocurrency recovered 4.22%, rising back to change hands for $98,310 at the time of this writing.
Markus has often criticized the volatile nature of the crypto market, as prices first reach new highs and then suddenly crash, as Shibetoshi Nakamoto believes, for no clear reason. In his earlier tweets, he often shared that he does not believe why Bitcoin or other large cryptos begin to rise or suddenly fall down, shedding a lot of their value.
In another recent tweet, Shibetoshi Nakamoto also took a jab at non-fungible tokens (NFTs), saying that “the biggest problem with NFTs is "whatever dumb f** decided to call them NFTs." His hatred toward these digital assets has also been known widely first on Twitter, then on Elon Musk’s X. In 2023, he called NFT lovers “mentally ill,” even though Markus has launched several of his own NFT collections.
146.5 million DOGE deposit stuns Robinhood (NASDAQ: HOOD )
Prominent cryptocurrency tracker Whale Alert has spotted that over the past 20 hours, the popular investment platform Robinhood, which deals with the stock market, commodities and crypto, has received an impressive deposit of almost 150 million DOGE.Two transactions were made to that trading and investment venue: one carried 61,160,251 DOGE worth $23,493,325, and the other one shoveled 85,430,198 DOGE, valued at $32,932,934 at the time of the initiated transaction. Both transfers were conducted from anonymous blockchain addresses.
Dogecoin remains on the top-10 list of cryptos with a market cap of more than $59 billion.
This article was originally published on U.Today