This carnival party of the crypto market ended abruptly. In the spring of 2025, the once-hyped Dogecoin suddenly plummeted, with its price crashing from $0.48 to $0.17, like a free fall, losing $30 billion in an instant, marking a new low in a year and a half. The most surreal part is that Elon Musk, who used to shout 'Dogecoin to the moon' every day, suddenly vanished!
【Triple Impact Shattering the Market】
Collapse of Faith:
After Musk became an energy advisor at the White House, he seemed to have changed, not mentioning Dogecoin for three months and even removing the Shiba Inu from his Twitter profile. Was the hype of the past two years just a capital game?
Regulatory Blow:
The SEC suddenly delayed the approval of crypto ETFs, scaring retail investors into panic selling overnight. How is this different from throwing a cigarette butt into a powder keg?
Wall Street Avalanche:
The U.S. stock market plummeted by 8%, triggering a chain reaction that shrank the entire crypto market by 20%. Dogecoin, being a meme coin, became cannon fodder, dropping twice as much as Bitcoin.
【Mysterious Funds Secretly Buying the Dip】
Strangely, amidst the crash, mysterious buyers suddenly emerged:
2.7 million dormant wallets suddenly revived, purchasing 1.7 billion coins (equivalent to $280 million) from exchange inventories in three days. An anonymous whale aggressively bought chips at the ironclad price of $0.16, while Kentucky suddenly passed a favorable bill, causing daily trading volume to surge to $50 million.
Technical analysts discovered astonishing signals: the TD indicator flashed a golden cross at $0.16, having accurately indicated buying opportunities seven times in the past decade.
【Life-and-Death Gamble: $0.16 Defense Battle】
Now the price is stuck at the critical line, with popular analysts declaring: holding $0.16 could lead to a rise of 15 times to $2.74, but dropping below will lead to a total loss! The options market has gone wild, with bullish contracts increasing threefold, as mysterious funds poured in tens of millions to defend the line.
Retail investors are even crazier:
Trading volume on the Robinhood platform skyrocketed to 420 million, with 280,000 newcomers pouring in, all-in on a gamble that Musk will change his mind, with anonymous tycoons directly betting 50 million coins.
【Ultimatum: Follow or Not?】
Is this $0.16 a golden pit or a trap for retail investors? A gamble of real money from 2.7 million people, would you dare to stake your entire fortune? To me, this is not investment; it’s simply Russian roulette in the digital world. When the exchanges are filled with bloodied chips, you never know if you’ll be the next to go bankrupt.
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