The world of crypto saw huge turmoil in the year 2022. The crypto-twitter witnessed the pinnacle of drama and saw the fall of the mighties in real time.
As we move forward in 2023, let’s take a look at the tweets that didn’t age well.
On March 9, 2022, crypto trader Algod commented, “if LUNA breaks new ATH’s I will short it with size. It’s a big ass ponzi, pretty sure VC’s will also hedge their investments on perps.”
“Yeah, but your size is not size,” Do Kwon responded, effectively labelling Algod poor. He later added, “$10 short incoming, everyone take cover.”
On May 10, 2022, the algo-stablecoin TerraUSD began to slide below its dollar peg. In order to calm down concern regarding future depeg, the Terraform Labs founder, Do Kwon, tweeted, “Deploying more capital – steady lads.”
We all know how things unfolded thereafter, essentially wiping $40 billion from the market in just one month.
Also Read: 5 Crypto Coins That Performed Worst In 2022
Crypto trader CoinMamba and SBF got into a Twitter argument after CoinMamba said that SOL was an excellent shorting opportunity at $3.
SBF remark became famous in the crypto industry, especially after the price of SOL reached an all-time high of $259.96 on November 6, 2021.
To dispel rumours that “Celsius was experiencing liquidity issues and could be in serious trouble,” Mashinsky tweeted, “Notwithstanding the extreme market volatility, Celsius has not experienced any significant losses,” adding that “all funds are safe.”
On June 12, a month later, the company suspended all withdrawals. It declared Chapter 11 bankruptcy on July 13.
Also Read: Top Crypto Trends To Look Forward To In 2023
The crypto lender frequently claimed to be more trustworthy than the banking system. Celsius Network tweeted on November 14, 2019, “If you don’t have free and unlimited access to your own funds, are they really *your* funds?”.
That statement did not age well in 2022. Celsius filed for Chapter 11 bankruptcy in 2022, and users have no access to their locked-up funds.
Fortune, an American business journal, called SBF the “de facto leader of the crypto community” in a Twitter thread and later dubbed him the “next Warren Buffet,” “Crypto’s white knight,” and “Prince of Risk.”
Also Read: Top 3 Macroeconomic Events That Can Shape Crypto Industry In 2023
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