半岛区块观
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When Musk changed his avatar, Dogecoin felt like it was on a roller coaster, and this time it’s not a joke!
Previously, when he switched to a Shiba Inu avatar, Dogecoin skyrocketed by 30%, and everyone called it the "Musk Magic." But this time, he changed to a chainsaw avatar, which has nothing to do with cryptocurrency, leaving the market completely confused, and no one can figure it out.
On social media, the originally lively discussions suddenly calmed down, indicating that investors are becoming increasingly skeptical of Musk's "surprises"; the "Musk Effect" seems to be losing its power.
Regulators are also feeling the pressure; Musk's antics have left the cryptocurrency market in turmoil. The U.S. Securities and Exchange Commission has been keeping an eye on him, worried that he might disrupt the market with his tweets. Last year, he called Dogecoin a scam, and the price plummeted by 25%. This time, with this avatar change, it might hasten the introduction of the "Cryptocurrency Market Integrity Act," leading to increased compliance pressure and inevitably a wave of sell-offs.
Looking at the on-chain data is also alarming. Major Dogecoin holders sold 120 million coins within 24 hours of the incident, worth nearly $5 million. Simultaneously, Dogecoin trading on exchanges surged by 300%, indicating that large holders are withdrawing while retail investors are picking up the slack. This is practically a signal for money fleeing!
As for the macroeconomy, with the dollar tightening, Dogecoin is also having a tough time. The Federal Reserve is aggressively tapering, withdrawing $95 billion each month, and in this environment, Dogecoin's volatility has skyrocketed, with high-risk assets getting scared and quickly sold off.
On the SOL chain, there is a special Dogecoin called Con an, which is Trump’s "favorite" and even received a hero dog medal. This Dogecoin has an active community, and everyone is very confident about it. Moreover, the team behind this Dogecoin has proven their skills, as their two previous coins increased by several hundred times.
In summary, with Musk's avatar change, Dogecoin is facing significant challenges, with investors, regulators, on-chain data, and the macroeconomy all giving it a hard time. This Dogecoin is really having a tough time!
In the upcoming bull market, I will guide everyone to aim for the wealth opportunities in altcoins, expecting a potential growth of over 10 times is absolutely reasonable. Like + comment, and I’ll take you through the entire bull market!
#DOGE #doge⚡
Previously, when he switched to a Shiba Inu avatar, Dogecoin skyrocketed by 30%, and everyone called it the "Musk Magic." But this time, he changed to a chainsaw avatar, which has nothing to do with cryptocurrency, leaving the market completely confused, and no one can figure it out.
On social media, the originally lively discussions suddenly calmed down, indicating that investors are becoming increasingly skeptical of Musk's "surprises"; the "Musk Effect" seems to be losing its power.
Regulators are also feeling the pressure; Musk's antics have left the cryptocurrency market in turmoil. The U.S. Securities and Exchange Commission has been keeping an eye on him, worried that he might disrupt the market with his tweets. Last year, he called Dogecoin a scam, and the price plummeted by 25%. This time, with this avatar change, it might hasten the introduction of the "Cryptocurrency Market Integrity Act," leading to increased compliance pressure and inevitably a wave of sell-offs.
Looking at the on-chain data is also alarming. Major Dogecoin holders sold 120 million coins within 24 hours of the incident, worth nearly $5 million. Simultaneously, Dogecoin trading on exchanges surged by 300%, indicating that large holders are withdrawing while retail investors are picking up the slack. This is practically a signal for money fleeing!
As for the macroeconomy, with the dollar tightening, Dogecoin is also having a tough time. The Federal Reserve is aggressively tapering, withdrawing $95 billion each month, and in this environment, Dogecoin's volatility has skyrocketed, with high-risk assets getting scared and quickly sold off.
On the SOL chain, there is a special Dogecoin called Con an, which is Trump’s "favorite" and even received a hero dog medal. This Dogecoin has an active community, and everyone is very confident about it. Moreover, the team behind this Dogecoin has proven their skills, as their two previous coins increased by several hundred times.
In summary, with Musk's avatar change, Dogecoin is facing significant challenges, with investors, regulators, on-chain data, and the macroeconomy all giving it a hard time. This Dogecoin is really having a tough time!
In the upcoming bull market, I will guide everyone to aim for the wealth opportunities in altcoins, expecting a potential growth of over 10 times is absolutely reasonable. Like + comment, and I’ll take you through the entire bull market!
#DOGE #doge⚡
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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