Billy Markus reacts strongly to 'market manipulation' accusations after $200 billion sell-off

After the cryptocurrency market experienced a sharp decline in one day, Billy Markus - the creator of Dogecoin - responded by mocking the allegations of price manipulation by investors. The drop wiped out over $200 billion in market capitalization, with the total crypto market decreasing by 4.87%.

Dogecoin was no exception, falling 7.36% to $0.1381 USD. However, according to the latest data, the current DOGE price is $0.12 with a 24-hour trading volume of $31.41 million, reflecting market activity.

**Contradictions in investor perspectives**

Billy Markus offers insightful comments on market psychology, pointing out that many investors apply double standards. When prices rise, they see it as a natural trend. But when prices fall, they immediately blame the "whales" - addresses holding large amounts.

**Factors truly influencing price volatility**

According to Billy Markus, price fluctuations are not solely due to manipulation but are affected by various sources. Investor psychology, global geopolitical developments, and macroeconomic indicators are all decisive factors. The recent decline exemplifies this complexity.

**Market remains volatile despite positive signs**

Although the Bitwise Dogecoin ETF was recently approved - a positive signal for the DOGE ecosystem - the market continues to fluctuate strongly. Trading volume surged 136.66% to $1.44 billion due to liquidation activities from traders, indicating that selling pressure remains high.

Billy Markus's comments remind the community that the cryptocurrency market is influenced by many forces, and blaming a single factor is unwarranted.