Dogecoin Founder Slams Crypto in Recent Hot Statement: Details

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Dogecoin Creator Criticizes Crypto Market Volatility

Billy Markus, known as Shibetoshi Nakamoto on social media, is the co-founder of Dogecoin, a popular meme cryptocurrency. He is known for his ironic comments and criticisms of the crypto market.

On December 10th, Markus criticized the volatility of the crypto market on his Twitter page:

"can crypto stop being such a butthead" - Shibetoshi Nakamoto (@BillyM2k) December 10, 2024

At the time of his tweet, Dogecoin had plunged by over 10%, but has since recovered and is currently trading at $0.40424. Bitcoin, the world's leading cryptocurrency, also experienced a 6% drop since Sunday, but has since regained some ground.

Markus has consistently voiced his concerns about the crypto market's erratic behavior, questioning why prices fluctuate drastically without clear reasons. He has also criticized non-fungible tokens (NFTs), stating that "the biggest problem with NFTs is 'whatever dumb f** decided to call them NFTs.'"

Massive DOGE Deposit on Robinhood

Whale Alert, a crypto tracker, reported that Robinhood, a popular investment platform, received a significant deposit of nearly 150 million DOGE over the past 20 hours. The two transactions included 61,160,251 DOGE worth $23,493,325 and 85,430,198 DOGE worth $32,932,934. The transfers originated from anonymous blockchain addresses.

Dogecoin's Position in the Market

Despite its recent volatility, Dogecoin remains among the top 10 cryptocurrencies with a market cap of over $59 billion.