TL;DR
- The crypto market lost $200 billion in one day.
- Dogecoin creator criticized claims of deliberate market manipulation.
- Dogecoin fell nearly 9%, underperforming Bitcoin’s decline.
The global cryptocurrency market lost value in the last twenty-four hours. The sector’s total market capitalization decreased by 4.87%. This drop represents a reduction of approximately two hundred billion dollars. The downward move generated immediate reactions from ecosystem participants.
Dogecoin creator Billy Markus posted a comment on platform X about the situation. Markus responded to claims pointing to deliberate market manipulation. Some participants blame large holders, whales for pushing prices down. The theory suggests these actors sell assets to buy them back later at a lower cost.
The Dogecoin creator dismissed that argument. Markus wrote that traders often attribute every drop to manipulation. In contrast, the same traders consider rapid price increases to be completely organic. His post highlights a common double standard in market perception.
Markus exposed the flaw in reasoning that sees manipulation only in sell-offs
He noted that market movements arise from multiple factors. Trader reactions to financial outlooks have an impact. Geopolitical news and general sentiment also influence prices. The actions of large holders constitute one more factor, but not the only one.
remember, all dumps are manipulation, and all pumps are super organic
— Shibetoshi Nakamoto (@BillyM2k) December 1, 2025
The current volatility coincides with macroeconomic events. China renewed its anti-cryptocurrency stance this week. Traders are also awaiting a speech from U.S. Federal Reserve Chairman Jerome Powell. These expectations generate uncertainty in traditional and digital financial markets.
Dogecoin, the leading meme coin, recorded a steeper drop than the overall market. Its price decreased nearly 9%, reaching a low of $0.1368. At the time of writing, Dogecoin trades around $0.1381. This figure represents a decline of 7.36% over a one-day period.
Dogecoin’s trading volume increased by 136.66%, reaching one billion four hundred forty million dollars. This rise suggests intense selling activity by traders. Dogecoin is performing worse than Bitcoin over the same timeframe. Bitcoin fell 4.85%, trading at eighty-six thousand eight hundred thirty-two dollars and eighty-four cents.
The current correction could represent a natural adjustment after periods of gains. Financial markets experience cycles of ups and downs as part of their normal function.
