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Elon Musk’s latest attempt to pump Dogecoin fails miserably
TheWorldNewsOrg posted a topic in TopicsDogecoin prices surged but did not skyrocket after receiving another endorsement from Tesla CEO Elon Musk on Thursday. Musk’s first tweet declared “Release the Doge!” — sending the joke cryptocurrency up 8.42% to $0.261. A sell-off followed suit, taking DOGE/USD down to $0.247. Less than an hour later, Musk tweeted a rather unusual message that said: “Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge.” DOGE/USD subsequently rose 5.22% to $0.26 after the second tweet. This is modest compared with the wild gains we’ve seen after Musk’s tweets in the past.
Yesterday: Robinhood fined $70 million for harming millions of investors. Today: Robinhood reports that 34% of its crypto revenue comes from Dogecoin trading.