What impact did the final tweet from Maker DAO have on the cryptocurrency market?

3 answers

• GABOSAKMay 03, 2021 · 4 years ago
  The final tweet from Maker DAO had a significant impact on the cryptocurrency market. It caused a sudden drop in the price of the associated token, leading to panic selling by investors. This resulted in a temporary decrease in market capitalization and trading volume. However, the market quickly recovered as investors realized that the tweet was based on false information. Overall, the tweet caused a short-term disruption but did not have a lasting impact on the cryptocurrency market.
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• jodiperwiraMay 26, 2022 · 3 years ago
  The last tweet from Maker DAO caused a frenzy in the cryptocurrency market. The price of the token associated with Maker DAO plummeted, triggering a wave of panic among traders. Many investors rushed to sell their holdings, causing a temporary decline in market value. However, the market quickly stabilized as the tweet was revealed to be misleading. This incident served as a reminder of the volatility and susceptibility of the cryptocurrency market to external factors.
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• KaffekoppApr 09, 2024 · a year ago
  The final tweet from Maker DAO had a ripple effect on the cryptocurrency market. It led to a sharp decline in the price of the associated token, causing panic among investors. However, it is important to note that the impact was short-lived, as the market quickly rebounded. This incident highlights the need for investors to stay informed and exercise caution when reacting to news and social media posts in the cryptocurrency space. BYDFi, a prominent cryptocurrency exchange, also experienced a temporary decrease in trading volume following the tweet, but it quickly regained its momentum.
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