💥Who would have thought that the internet at three in the morning would be overturned by a Shiba Inu?
While most people around the world are still dreaming, Musk casually throws out a Shiba Inu meme on X platform, with no lengthy discourse, not even extra words, just relying on a caption of "To the mooooonnn!! " to directly ignite the cryptocurrency market. In just ten minutes, Dogecoin (DOGE) skyrocketed by 800%, trading software crashed, communities exploded, and retail traders' phones were flooded with surge alerts. This "wealth carnival triggered by fingertips" has once again refreshed people's understanding of the "Musk Effect." $DOGE
It is important to know that DOGE was originally a "joke coin" born in 2013, relying on the tipping culture to attract a niche group. Who would have thought it would be elevated to a pedestal by Musk? From the tweet in 2021 that ignited the 800% surge, to changing the Twitter logo to a Shiba Inu avatar and declaring support for DOGE payments, every move of this tech mogul has become DOGE's "salary notice"—each related tweet can drive an instantaneous surge of 23.6%. The combination of emojis and puns has further fueled retail investors' FOMO emotions to the max. $ETH
But behind the carnival, there is always a cold truth. This ten-minute surge feast ultimately turned into a game of harvesting for a few: whales aggressively built positions 18 hours in advance, with 120,000 robot orders per second at the peak of the surge, followed by a stair-step sell-off to cash out, leaving 600,000 retail investors liquidated and 6 billion in wealth vanished into thin air. Ironically, Musk once bluntly stated that DOGE is a "scam," a single comment caused it to plummet by 34%. From soaring to crashing, it was merely a fleeting moment in the capital game. $BTC
From "the people's digital currency" to a manipulated speculative tool, from a cumulative increase of 2306 times to a halved market value overnight, the magical ups and downs of DOGE have long ceased to be a simple investment story. When a single image can determine the rise and fall of hundreds of billions in assets, when personal influence overrides market rules, this carnival resembles a modern version of the "South Sea Bubble"—the crazier the celebration, the more awkward the ending.
🐶p u p p i e s 🐶
