Yes it's happening folks. It's a playground for the riches, for the narcissistic egocentric billionaires who don't give a * if you are getting rich or you're losing all your money. They do it just because they can, to boost their stupid egos.
"Doge spelled backwards is egod" said Elon Musk once to reveal his god like narc personality. This guy likes being worshipped by the dumb sheep.
However, even if we're having a loss right now, more people are stronger than a few dumb billionaires and I'm sure BTC will come more powerful than before.
The history won't let Mr. Snake Musk escape with zero consequences.
To the Moon!
DOGE is an exception in that the billionaire comes forward and shows is face (some might say his ugly face). I think most billionaires use crypto as a playground but certainly in the background without getting noticed. We won't see someone else of Musk's calibre step up and pull off similar shit.