Woofun AI reports that Dogecoin cofounder Billy Markus, operating under the pseudonym Shibetoshi Nakamoto, publicly challenged the sustainability of the recent market rebound on Thursday. Rather than celebrating the price recovery, Markus posed two critical inquiries regarding whether the crypto sector has genuinely stabilized and if the '2026 nightmare' has concluded.

Price action across major assets reflected this volatility, with Bitcoin, Ethereum, Solana, and DOGE all posting gains. DOGE specifically surged 10% to trade at $0.0771, recovering from a previous session low of $0.069 and briefly touching an intraday high of $0.078. In contrast, the S&P 500 advanced by a mere 0.21%, while cryptocurrencies delivered double-digit percentage gains, highlighting a divergence in asset performance.

The deeper driver behind Markus's skepticism is the lingering trauma from recent market instability. The industry previously endured record liquidations totaling $19 billion during a flash crash last October. Since that event, trading volume has remained thin, and retail investor confidence has yet to fully recover from the sustained selling pressure.

Per Woofun AI, macroeconomic factors are further complicating the landscape as traders digest the July Federal Open Market Committee (FOMC) minutes. The US Federal Reserve indicated that while the majority favored keeping interest rates unchanged, a minority supported rate hikes. This uncertainty has restrained the traditional stock market, allowing alternative risk assets to outperform but leaving the broader environment fragile.

Technical indicators suggest the current move is a relief rally from oversold levels rather than a confirmed technical reversal. Order book behavior does not yet support a sustained bullish structure. The market's next direction will likely be determined by upcoming Consumer Price Index (CPI) data and the Federal Reserve's monetary policy meeting in September.