The crypto world is no stranger to wild twists, but the latest saga involving a user named Owen has everyone talking. On August 1, 2025, at 03:00 UTC, Twitter user Kyle (@0xkyle__) dropped a bombshell with a post that’s since gone viral. According to Kyle, Owen tried to lift a supposed "curse" on individual coins by flooding Twitter with a barrage of different cryptocurrency names. The twist? The entire market topped out and crashed shortly after. It’s the kind of story that sounds too crazy to be true—but in the volatile world of crypto, it’s just another day.

The Tweet That Started It All

Kyle’s post reads: "owen tried to reverse his curse on individual coins by tweeting a barrage of different names, just for the entire market to top and send it all down. you cannot make this shit up." Attached to the tweet are two striking images showing a figure with arms outstretched against a cityscape, possibly symbolizing Owen’s attempt to influence the market. You can check out the images below:

These visuals add a dramatic flair, hinting at the power (or perceived power) of social media in the crypto space.

What Is the "Owen Curse"?

For those new to this drama, the "Owen curse" seems to be an informal label tied to Owen’s influence—or lack thereof—on cryptocurrency prices. The idea is that whenever Owen tweets about a coin, its value might take a hit, a phenomenon not uncommon among crypto influencers. This could stem from FOMO (Fear of Missing Out), where traders pile in based on hype, only for the market to correct itself. Owen’s attempt to reverse this curse by naming multiple coins at once might have backfired, creating a psychological ripple effect.

The Market Reaction

The responses to Kyle’s tweet paint a vivid picture. farmrick.hl chimed in with "fully filled on everything. its fucking time," suggesting some traders saw this as a signal to act. Others, like Professor Satoshi, added a cryptic "Well well well," while Execution Max dove deeper, noting: “‘Curse’ psychology creates the most predictable sentiment-driven trading patterns. When influencers publicly attempt to reverse market sentiment, sophisticated algorithms monitor these transparent emotional signals to exploit the resulting reactive positioning in real-time." This highlights how algo-trading might have amplified the crash.

Meme Coins and the Ripple Effect

Meme coins, known for their wild price swings (check out our guide on top meme tokens), could be especially vulnerable to this kind of event. The thread even includes a mention of DRAGOON, a meme coin "on its way to the moon," showcasing how these tokens often ride the wave of social media buzz—until they don’t. The crash following Owen’s tweet storm might have hit these speculative assets hardest, reinforcing their reputation as high-risk investments.

Why This Matters for Crypto Enthusiasts

This incident is a goldmine for understanding the psychology of crypto trading. As noted in research on the psychology of cryptocurrency trading, FOMO and herd behavior can drive markets to extremes. Owen’s tweet barrage likely triggered a mix of excitement and panic, which algorithms and traders capitalized on. For blockchain practitioners, this is a reminder to stay cautious and do your homework—tools like CoinMarketCap can help track trends and avoid knee-jerk reactions.

What’s Next?

As of 02:16 PM JST on August 1, 2025, the crypto community is buzzing with theories. Was this a fluke, or does Owen hold more sway than we think? At Meme Insider, we’ll keep you posted on how this unfolds, especially for meme coin enthusiasts. In the meantime, what do you think—can a single influencer really move the market? Drop your thoughts in the comments!