Dogecoin Founder Blames 'Manipulation' After $200B Crypto Market Drop
Over the past 24 hours the crypto market slid roughly 4.87%, wiping out more than $200 billion in market value and triggering broad selling across tokens. Dogecoin founder Billy Markus took to X to condemn the move, saying “All dumps are manipulation,” a blunt charge that quickly drew attention from traders and commentators. The remark matters because public accusations of manipulation can amplify fear and uncertainty, especially for high-volatility assets like meme coins. While regulators and exchanges have long faced scrutiny over market integrity, comments from prominent founders can accelerate calls for investigations, raise short-term volatility, and influence retail sentiment. Investors should note heightened risk and monitor order-book liquidity and official statements as the market digests the sell-off.