How does fake news relate to crypto leaders?

but what happens when the fake news is related to a cryptocurrency's leader well we found out back in 2017 due to a false claim posted in forchan regarding vitalic butan ethereum's co-founder the said post stated that vitalic passed away due to a car crash in British Columbia the impact was so high that even insiders of ethereum started dumping their crypto in the first 6 hours after the post ethereum had a 16% drop the decline reached 21% in the following week showing the power of social media upon cryptocurrencies eventually vitalic posted a picture of him holding up the hash of a recent ethereum block and so a novel blockchain use case at the time proving the claim wrong bringing stability to ethereum's ecosystem again soon after