Jakarta, Pintu News – Billy Markus, known as Shibetoshi Nakamoto on the X platform, recently posted a chart showing the falling price of an unnamed crypto asset.
The chart appeared to show a sharp price drop, but in the end it only showed a 0.5% drop. This led to speculation and discussion among his 2.2 million followers on the platform.
Check out the full news below!
The graphic posted by Markus appears to be a satire of the mainstream media that often portrays small drops in Bitcoin (BTC) price as a “crash”.
Many of his followers were initially confused by the meaning of the graphic and asked Mark to provide further clarification. Some users even requested a direct link to the graphic in question to understand the deeper context.
However, after some time, many realized that this was probably just a joke from Mark. It shows how public and media perception can influence the interpretation of financial data, especially in highly volatile markets like crypto.
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According to data from Arkham Intelligence, Billy Markus’ crypto wallet currently contains no Dogecoin (DOGE) at all, although in October last year he claimed to still have 226,317.86 DOGE.
Currently, the wallet contains various cryptos with smaller market capitalizations, including Ethereum (ETH) and Shiba Inu (SHIB), which is known to be Dogecoin’s main competitor.
Shiba Inu, dubbed the “Doge killer” in its early days, is now one of the meme coins with the second largest market capitalization after Dogecoin. Markus also owns nearly 70,000 Grok, 200 APE, 274,449 NEIRO, and one Pepe Coin (PEPE) among other crypto assets.
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Markus’ post not only drew attention for its mysterious chart, but also for highlighting how well-known figures in the crypto industry can influence the market.
While many took this post as a joke, it’s also a reminder of the importance of understanding the context behind any data presented. Crypto markets are known for their high volatility, and often the market’s reaction to comments or actions from well-known figures can have a big impact.
This shows the importance of doing in-depth research before making investment decisions based on information circulating on social media or other platforms.
In a crypto world full of information and speculation, it’s important for investors to sort out accurate and relevant information. The graphic posted by Billy Markus may be a joke, but it is a reminder of the importance of understanding how narratives can be shaped and influenced by various factors, including the media and public figures.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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