Today on Crypto Twitter: SBF’s First Tweet in Two Years, Community Discusses Why Crypto Is Down

Here’s our spotlight on the 3 most popular posts on Crypto Twitter today.

1. Borovik Mentioned 4 People That Ended the Bull Market

Crypto trader Borovik (@3orovik), known for openly sharing his opinions, pointed to four figures responsible for ending the bull market: North Korean leader Kim 

How could these figures have influenced the market?

Starting with Kim Jong Un—at first glance, there’s no obvious connection between the North Korean leader and the crypto market’s decline. However, North Korea is linked to the Lazarus Group, which is allegedly behind the recent ByBit hack.

Lazarus is widely believed to be a state-backed hacking group aiming to fund the country’s economy through cybercrimes. While ByBit survived the attack, large-scale hacks like this typically shake investor confidence—indirectly linking Kim Jong Un to the market downturn.

The connections are clearer with the other three. Hayden Davis was the key figure behind the LIBRA memecoin, which crashed in price. Javier Milei shared a post about the token, raising concerns about his potential involvement in fraud. Dave Portnoy, founder of Barstool Sports, also tweeted about LIBRA, revealing that he had invested in it.

The controversy intensified when Davis spoke about memecoin launches and insider trading in an interview with Coffeezilla.

In the comments, users also pointed to former U.S. President Donald Trump and his wife, Melania Trump, as key players. In January, they launched the $TRUMP and $MELANIA memecoins, both of which plummeted shortly after their debut.

2. CZ’s 2020 Bitcoin Price Prediction Came True 

Amid the crypto market decline, Christopher Jaszczcynski (MMCrypto) recalled a tweet from Binance’s ex-CEO, Changpeng Zhao (CZ), shared in December 2020.

Back then, CZ wrote: “Waiting for the new headline: #Bitcoin “CRASHES” from $101,000 to $85,000”

For the record, Bitcoin experienced a strong rally at the time of CZ’s tweet, breaking past $20,000 for the first time and reaching new all-time highs.

Despite stepping down as Binance CEO in 2023, CZ’s influence in the crypto space remains strong. His past and present predictions, whether intentional or offhand remarks, continue to attract attention.

3. SBF Breaks Silence on Twitter SBF After 2 Years

After staying quiet for two years, Sam Bankman-Fried, the former CEO of FTX, made his return to Twitter. Amid his 25-year prison sentence, he shared sympathy for federal employees impacted by layoffs under the Trump administration.

In the post, SBF reflected on how difficult firing employees is, drawing from his experience. Despite acknowledging that it’s usually not the employees' fault, he stated it’s often the right decision.

This unexpected post raised questions: Was it a genuine reflection, or was SBF trying to gain favor with the US President for a potential pardon?

In March 2024, SBF was found guilty of orchestrating multiple fraudulent schemes related to the collapse of FTX and Alameda Research.