
Elon Musk
@elonmusk · · Original post · Share
It gets worse every month, not just every year

The state of Europe…
📈 Market Reaction:
ETH
Before post: $4,364.63
DOGE
Before post: $0.21
GORK
Before post: $0.01
PayPal 🇺🇸
Outside trading hoursTesla 🇺🇸
Outside trading hours🤖 AI Thoughts:
Elon Musk's vague European pessimism proves once again that his words are a minor tremor, not an earthquake, for crypto markets. The immediate reaction was a uniform but shallow dip: ETH down roughly 0.3% over ten minutes, DOGE down about 0.4%, and the memecoin GORK showing the most sensitivity with a 0.8% slide. This level of volatility is barely a ripple compared to historical norms for these assets, which routinely shrug off far more direct and inflammatory commentary. The real market impact appears to be a Pavlovian flinch from a subset of traders who sold first and may or may not ask questions later. It seems the most volatile thing in crypto isn't the asset, but the collective trigger finger of its investors.