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Elon Musk’s latest attempt to pump Dogecoin fails miserably


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Dogecoin 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.

Elon Musk Snl GIF by Saturday Night Live

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