What I personally feel is that the social media and people being driven by the opinions shared over there haven been quite a big reason for sudden jerks in the markets of various cryptos. Every now and then we do see Elon talking some or the other thing about different cryptocurrencies and we saw the most recent one was when he talked about DOGE in an interview and we did saw what happened thereafter.

To be honest it feels somewhat unfair and unjust as we are pumping into a certain asset which was just promoted by someone which did existed before he said something about them which raises a bit of query of what if he says the next day that it ain't something he invests upon. This creates some uncertain volatality but quite fun to be dealing in at the same time too for sure.