Dogecoin’s (DOGE) founder Billy Markus a.k.a Shibetoshi Nakamoto has had enough of ‘Uptober’ promises. “Anyone who said ‘Uptober’ should be slapped in the face”, – fiercely spat out the computer virtuoso. Understandably, this came out past midnight on Saturday, when the general crypto markets took in a staggering $19 billion deficit in liquidations.
The brutal correction came after Donald Trump imposed a 100% tariff on all exported Chinese goods, but there’s more to it. Binance, the leading crypto exchange across the globe, witnessed unexpected hiccups due to an activity overload, which preceded the United States President’s ground-breaking announcement that sent both stock & crypto markets on a free-fall.
The Biggest Liquidation Flash Crash In History
Some crypto aficionados on X were blatantly honest and remarked that the flash crash “looks like Trump put 100% tariffs on crypto”, while others were more optimistic and marked the cycle bottom. For Dogecoin (DOGE), the turbulent journey over the past 30 days has pushed the top dog coin from $0.25 to $0.18, resembling a 29% monthly drop, followed by a rebound to $0.21.
With Dogecoin’s (DOGE) founder lambasting the excessive optimism of October, popularly referred to as ‘Uptober’ due to historically-bullish price movements for Bitcoin (BTC) & top alts, this paints a perfect example of Fear Of Missing Out (FOMO). In this psychological instance, crypto traders rush into buying digital assets based on expectations rather than fundamentals.
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People Also Ask:
Shibetoshi Nakamoto slams the hype on October 10, 2025, as Dogecoin dips below $0.19 amid a $19B market wipe-out, calling out false optimism.
Dogecoin slid 18% from $0.25 to $0.18 following the October 2025 liquidation event.
Increased whale accumulation and a historical 800% rebound potential from past lows fuel debate, despite Nakamoto’s skepticism on October 10.
Dogecoin finds support at $0.185, with a potential bounce to $0.25 with sufficient buying power.
Nakamoto’s critique may temper short-term hype, but growing adoption could lift Dogecoin if a bottom forms, though market uncertainty looms.
DailyCoin’s Vibe Check: Which way are you leaning towards after reading this article?
