Shibetoshi Nakamoto didn’t mince his words when the market suffered a massive $19 billion crash.
Dogecoin founder Billy Markus, known as Shibetoshi Nakamoto, was upset with promises of “Uptober.” He said, “Whoever said ‘Uptober’ should be slapped.” He made this statement Saturday night after the entire crypto market suffered a $19 billion loss.
This massive crash occurred when Donald Trump decided to impose a 100% tariff on all Chinese goods. But that wasn’t the only reason at Binance, the world’s largest crypto exchange, activity increased so much that the system slowed down. Trump’s announcement then sent both stock and crypto markets tumbling.
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Biggest Liquidation Flash Crash In History – Dogecoin Founder
Some crypto fans on Twitter commented that this flash crash looked like Trump had imposed a 100% tariff on crypto. However, some viewed the situation positively and suggested that this might be the market bottom.
The past 30 days have been quite tough for Dogecoin DOGE the coin fell from $0.25 to $0.18, a drop of approximately 29%, but later recovered slightly to $0.21.
When Dogecoin’s founder criticized the over-optimism of October, he gave a perfect example of FOMO the Fear of Missing Out. This means that many traders buy crypto based on hype and expectations without thinking, without looking at the fundamentals.
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People Also Ask – Dogecoin Founder:
Why did the Dogecoin founder criticize the ‘Uptober’ talk?
On October 10, 2025, Shibetoshi Nakamoto said that people were just creating hype. He said that such fake optimism is not good for the market. That day, Dogecoin fell below $0.19, causing losses of $19 billion in the crypto market.
How did Dogecoin perform in the recent crash?
Dogecoin fell by 18% during the October crash from $0.25 to $0.18—but later recovered slightly.
Why are people thinking about a market bottom?
Some are saying that large investors are buying Dogecoin again. Dogecoin has previously jumped 800% from its low price, so people believe this could be the bottom. But Nakamoto isn’t sure yet.
What is the support level for Dogecoin now?
Strong support for Dogecoin is around $0.185. If people buy a little more, the price could go back to $0.25.
