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On social media Markus is widely known under the alias Shibetoshi Nakamoto. In this post, the popular ‘WAGMI’ acronym was mentioned, which is supposed to be bullish and optimistic.Known for his playful, ironic and, frequently, sarcastic comments related to crypto market volatility, Markus responded in his typical manner.
The second biggest cryptocurrency by market cap, Ethereum, has experienced an 11.2% crash, rapidly declining from $3,711 to $3,301 as of this writing.has been wiped out. Among those, the liquidations of long positions constituted the majority of the losses - $1.07 billion triggered by the speech of the Fed Reserve chairman Jerome Powell that the US central bank intends to drastically reduce interest rate cuts.
In the comment thread, an X user wrote a popular acronym WAGMI, which means “we’re all gonna make it” used for encouraging and adding optimism in troublesome periods of time not only concerning the crypto or traditional financial markets but events in the world and individual lives in general. Shibetoshi Nakamoto reacted by posting an animated GIF to agree with that statement. But that response also seems rather ironic.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets.