Dogecoin Founder Breaks Silence on Uptober Amid Crypto Dump

News Snapshot:

Billy Markus, the co-creator of Dogecoin and one of the crypto community’s most outspoken figures, has shared his thoughts on the market’s sharp downturn during what traders had been calling “Uptober.” In a post on X (formerly Twitter), Markus, also known as Shibetoshi Nakamoto, criticized the excessive optimism surrounding Uptober, a month traditionally associated with bullish momentum in digital assets, arguing that misplaced enthusiasm and speculative leverage contributed to the crash. His remarks came amid what some analysts have labeled the biggest liquidation event in crypto history, wiping out billions in leveraged positions and sending shockwaves through the broader digital...