Dogecoin Founder Gives Crucial Statement on Crypto Bloodbath

The ongoing crypto crash has stunned the overall community as more than $500 billion were wiped out of the total crypto market capitalization in the last two days. As expected, Dogecoin founder Billy Markus has given a surprising yet humorous reaction to this horrific event.

Taking to social media platform X, Markus tweeted how major news headlines have not been reflecting the sentiment seen on the market. He shared a screenshot of two news headlines discussing the bullish sentiment on the market after the recent launch of Ethereum spot ETFs.

The DOGE founder seemingly criticized this move from the media as he found it funny that these publications are not caught up with the ongoing crypto bloodbath. Markus is known for his humor and sarcasm, and he openly called out these media headlines for not following the market sentiment very well.

Market crash looks horrible

Billy Markus, who is known as Shibetoshi Nakamoto on X, shared another tweet as he reacted to the market crash in a humorous way. An X user shared a screenshot of a Google translation that shows that the word "kamala" means "horrible" in Finnish. It was a dig at U.S. politician Kamala Harris.

However, Markus responded to it by saying that the crypto market has been looking very "kamala." He is basically highlighting that the market is in a horrible condition. Using humor and sarcasm, the Dogecoin founder is highlighting the worsening market conditions as millions have been liquidated recently.

Largest three-day crypto wipeout

The crypto market witnessed a huge crash on Sunday, which continued today as well. It was triggered by the recently disclosed poor employment data, as well as stagnant growth among tech stocks. There have also been revived fears of an economic recession around the globe.

As of this publication, Bitcoin (BTC) is trading at $51,806, as it fell 14.53% during the last 24 hours. Moreover, almost $371 million have been liquidated from the BTC market during this time. It appears that the broader crypto market is going to face more challenges this week. Reactions from industry leaders like the Dogecoin founder are reflecting this bearish sentiment.