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With the sharp downturn in the crypto market, yelling has become a coping mechanism for many crypto traders. This screaming therapy became popular after the surge of Goblintown Ethereum NFTs at the end of May or early June. Here, holders made incoherent groaning sounds in late-night Twitter spaces. They also role-played as urine-loving Goblin creatures. While some crypto traders move toward screaming as a coping mechanism, many mental health experts have argued that “scream therapy” is pseudoscience. Scientific research or no, it obviously feels good. With Bitcoin down 30% in the past week, some crypto traders have taken to Telegram to “voice” their feelings. Matt Hussey, editorial director of NEAR Protocol (and former editor-in-chief of Decrypt) responded to the news of the Telegram group with “#meIRL.” Just as the Bitcoin turmoil continues, crypto traders have taken to Telegram to voice their feelings. Crypto investors can reduce their anxiety about losses by joining the “Bear Market Screaming Therapy Group” on Telegram.
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